The Fair Share Report
1012 Devon St
Lacey, NJ 08731
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
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Step 1 · Market value
Likely range $581,256 – $870,756, from 12 comparable Lacey sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Lacey assessments sit below market value — republished every October, applied town-wide. A $604,010 home should be assessed near $363,070.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $88,170 below what the ratio math suggests (24.3%).
Step 4 · The tax rate — same for every Lacey home
$1.650 Schools · 60% $0.520 County · 19% $0.564 Town · 21%
Step 5 · The bill
This home vs. every recent Lacey sale · assessed ÷ market
26%75%
Paying about right
This home's ratio lands inside Lacey's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 110 FOXWOOD LANE | 2025-06 | $599,000 | 1,913 | 47.6% |
| 1208 GANNET COURT | 2026-04 | $978,000 | 1,946 | 47.8% |
| 1331 LAUREL BLVD | 2025-07 | $1,100,000 | 1,919 | 58.8% |
| 1311 LAKESIDE DRIVE SO | 2025-04 | $560,000 | 1,848 | 49.6% |
| 1007 ALOHA DRIVE | 2025-09 | $749,500 | 1,785 | 42.2% |
| 803 ENSIGN DRIVE | 2025-06 | $930,000 | 1,761 | 53.3% |
| 1125 SKIFF WAY DRIVE | 2025-04 | $627,500 | 1,968 | 64.3% |
| 111 GREENWOOD LANE | 2026-01 | $515,000 | 1,844 | 52.4% |
| 1020 SARASOTA DRIVE | 2025-11 | $600,000 | 1,952 | 48.1% |
| 724 SANDY HOOK DRIVE | 2025-07 | $500,000 | 1,770 | 55.0% |
| 1216 ORLANDO DRIVE | 2025-09 | $868,000 | 2,012 | 47.1% |
| 548 BRENTWOOD ROAD | 2025-03 | $615,000 | 2,000 | 51.8% |
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