The Fair Share Report
124 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 $513,548 – $751,331, 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 $591,569 home should be assessed near $307,202.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,402 below what the ratio math suggests (6.0%).
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 |
|---|---|---|---|---|
| 4 COLUMBIA AVE | 2025-08 | $470,000 | 1,452 | 50.8% |
| 72 AVE A | 2025-04 | $701,000 | 1,560 | 35.7% |
| 152 WASHINGTON ST | 2025-08 | $550,000 | 1,684 | 53.5% |
| 540 MAIN ST | 2025-08 | $510,000 | 1,452 | 43.6% |
| 18 PINE ST | 2025-05 | $881,500 | 1,416 | 29.8% |
| 84 LAWRENCE AVE | 2025-07 | $510,000 | 1,460 | 56.9% |
| 295 BELL AVE | 2025-11 | $590,000 | 1,504 | 40.9% |
| 163 SAINT JOSEPH BLVD | 2026-04 | $500,000 | 1,348 | 51.3% |
| 116 SPRING ST | 2025-12 | $760,000 | 1,748 | 41.3% |
| 173 CORABELLE AVE | 2025-08 | $755,000 | 1,572 | 41.6% |
| 140 WASHINGTON ST | 2025-07 | $875,000 | 1,554 | 32.7% |
| 8 LOUIS ST | 2025-09 | $599,000 | 1,326 | 43.5% |
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