The Fair Share Report
111 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 $611,912 – $749,423, 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 $706,415 home should be assessed near $366,841.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,141 below what the ratio math suggests (3.0%).
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 |
|---|---|---|---|---|
| 55 GARDEN ST | 2025-11 | $835,000 | 1,848 | 34.3% |
| 15 CLARK ST | 2025-10 | $700,000 | 1,855 | 51.4% |
| 17 GUNTHER AVE | 2025-10 | $640,000 | 1,908 | 50.8% |
| 119 GARIBALDI AVE | 2026-04 | $735,000 | 1,854 | 36.5% |
| 4 YOLANDA PL | 2025-03 | $626,000 | 1,743 | 49.7% |
| 30 AVE A | 2025-03 | $675,000 | 1,947 | 56.4% |
| 30 AVE A | 2025-03 | $550,000 | 1,947 | 69.2% |
| 18 CENTRAL AVE | 2025-06 | $670,000 | 1,703 | 48.9% |
| 85 AVE E | 2026-02 | $670,000 | 1,818 | 50.1% |
| 20 BORIG PL | 2025-07 | $837,000 | 1,920 | 47.3% |
| 71 MAC ARTHUR AVE | 2025-07 | $810,000 | 1,855 | 34.3% |
| 97 AVE E | 2025-07 | $675,000 | 1,785 | 44.7% |
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