The Fair Share Report
102 Spring St
Lodi, NJ 07644
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $449,435 – $593,986, from 12 comparable Lodi 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 Lodi assessments sit below market value — republished every October, applied town-wide. A $491,717 home should be assessed near $255,349.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,749 below what the ratio math suggests (5.4%).
Step 4 · The tax rate — same for every Lodi home
$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Lodi sale · assessed ÷ market
31%65%
Paying about right
This home's ratio lands inside Lodi'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 |
|---|---|---|---|---|
| 69 CHESTNUT ST | 2025-10 | $410,000 | 1,092 | 60.4% |
| 63 WASHINGTON ST | 2026-04 | $625,000 | 1,034 | 49.2% |
| 492 WESTMINSTER PL | 2026-05 | $508,000 | 1,192 | 46.0% |
| 51 CHURCH ST | 2025-12 | $570,000 | 1,088 | 43.0% |
| 18 SIDNEY ST | 2025-09 | $565,000 | 1,249 | 39.7% |
| 47 UNION ST | 2025-05 | $465,000 | 1,104 | 37.1% |
| 396 WESTMINSTER PL | 2025-09 | $662,000 | 1,104 | 42.7% |
| 396 WESTMINSTER PL | 2025-02 | $455,000 | 1,104 | 62.1% |
| 345 GARIBALDI AVE | 2025-08 | $600,000 | 1,131 | 41.1% |
| 28 LONGVALLEY RD | 2025-05 | $552,000 | 1,075 | 48.0% |
| 212 PATERSON AVE | 2025-12 | $440,000 | 1,041 | 55.7% |
| 37 MARY ST | 2026-03 | $602,000 | 1,152 | 45.4% |
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