The Fair Share Report

11 Devon Pl

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.

Step 1 · Market value

≈ $405,078

Likely range $339,235 – $432,422, from 12 comparable Lacey sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

60.11%

The state's official measure of how far Lacey assessments sit below market value — republished every October, applied town-wide. A $405,078 home should be assessed near $243,492.

Step 3 · Assessed value

$175,400

Set at the last town-wide revaluation and mostly frozen since. That's $68,092 below what the ratio math suggests (28.0%).

Step 4 · The tax rate — same for every Lacey home

$2.735 per $100 assessed

$1.650 Schools · 60% $0.520 County · 19% $0.564 Town · 21%

Step 5 · The bill

$4,797/yr
Public schools$2,895
Ocean County$912
Town of Lacey$990
Lacey average$7,904

This home vs. every recent Lacey sale · assessed ÷ market

Town median 52.6%
This home · 43.3%

35%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)

AddressSoldPriceSq ftRatio
1490 CLEARVIEW STREET2026-04$480,0001,40447.1%
10 HASTINGS COURT2025-05$430,0001,40454.4%
2127 LLEWELLYN PKWY2025-04$350,0001,40442.7%
69 CANTERBURY DRIVE2026-04$385,0001,40542.8%
14 PORTSMOUTH DRIVE2026-01$320,0001,40546.3%
38 SHEFFIELD DRIVE2025-08$328,0001,40547.7%
22 SHEFFIELD DRIVE2025-01$388,0001,40542.0%
603 BOWSPRIT POINT2025-12$601,9991,41056.7%
20 KENT DRIVE2025-04$425,8161,40449.3%
2028 BROOKDALE DRIVE2025-10$345,0001,40544.7%
4 KENT COURT2026-03$410,0001,41642.9%
1988 BROOKDALE DRIVE2026-03$425,0001,41651.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →