The Fair Share Report

12 E Pl

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.

Step 1 · Market value

≈ $619,245

Likely range $495,765 – $666,845, from 12 comparable Lodi sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

51.93%

The state's official measure of how far Lodi assessments sit below market value — republished every October, applied town-wide. A $619,245 home should be assessed near $321,574.

Step 3 · Assessed value

$229,700

Set at the last town-wide revaluation and mostly frozen since. That's $91,874 below what the ratio math suggests (28.6%).

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

$3.540 per $100 assessed

$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%

Step 5 · The bill

$8,131/yr
Public schools$4,507
Bergen County$939
Town of Lodi$2,685
Lodi average$11,433

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

Town median 46.0%
This home · 37.1%

29%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)

AddressSoldPriceSq ftRatio
32 PASADENA AVE2025-12$650,0001,08040.6%
34 GARDEN ST2025-02$768,0001,15235.6%
6 CALVIN AVE2025-06$660,0001,30545.3%
31 HILLCREST AVE2025-05$700,0001,32841.1%
218 CORABELLE AVE2025-08$625,0001,18356.0%
7 CLARK ST2025-08$460,0001,12554.2%
144 COLUMBIA LN2025-06$580,5001,21245.9%
4 TRUDY DR2025-11$656,0001,18043.8%
47 HOME PL2025-09$475,0001,14761.0%
72 CHARLTON AVE2026-01$599,0001,10741.8%
72 CHARLTON AVE2025-11$465,0001,10753.9%
445 FARNHAM AVE2025-06$535,0001,22755.3%

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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 →