The Fair Share Report
116 Eldridge Ave
Lawrence, NJ 08648
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Lawrence's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $340,362 – $462,551, from 12 comparable Lawrence sales in the past 18 months, at this home's 1,673 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Lawrence assessments sit below market value — republished every October, applied town-wide. A $434,724 home should be assessed near $320,826.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $115,826 below what the ratio math suggests (36.1%).
Step 4 · The tax rate — same for every Lawrence home
$1.687 Schools · 53% $0.795 County · 25% $0.682 Town · 22%
Step 5 · The bill
This home vs. every recent Lawrence sale · assessed ÷ market
39%90%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 160 MILLERICK AVE | 2026-03 | $433,000 | 1,654 | 55.8% |
| 150 GAINSBORO RD | 2025-09 | $310,000 | 1,604 | 80.2% |
| 32 LAWNSIDE DR | 2025-04 | $480,000 | 1,646 | 64.0% |
| 80 BERWYN PL | 2025-10 | $300,000 | 1,599 | 76.4% |
| 38 COLONIAL LAKE DR | 2025-04 | $446,000 | 1,690 | 49.7% |
| 967 LANNING AVE | 2025-06 | $280,000 | 1,734 | 109.7% |
| 81 LEWISVILLE ROAD | 2025-06 | $475,000 | 1,828 | 65.0% |
| 242 FIELDBORO DR | 2025-12 | $441,000 | 1,536 | 55.3% |
| 771 LAKE DR | 2025-05 | $319,000 | 1,568 | 69.2% |
| 137 VILLANOVA DR | 2025-12 | $300,000 | 1,219 | 72.3% |
| 134 VILLANOVA DR | 2026-05 | $386,300 | 1,219 | 56.8% |
| 9 PIN OAK DR | 2026-03 | $535,000 | 2,065 | 62.7% |
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