The Fair Share Report
127 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 $337,015 – $567,061, 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 $465,938 home should be assessed near $241,962.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,462 below what the ratio math suggests (16.3%).
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
30%66%
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 |
|---|---|---|---|---|
| 47 UNION ST | 2025-05 | $465,000 | 1,104 | 37.1% |
| 111 AUTUMN ST | 2026-05 | $635,000 | 918 | 36.7% |
| 157 SAINT JOSEPH BLVD | 2025-07 | $635,000 | 1,092 | 31.8% |
| 69 CHESTNUT ST | 2025-10 | $410,000 | 1,092 | 60.4% |
| 8 ANNETTE TERR | 2026-02 | $472,500 | 864 | 53.5% |
| 70 AVE F | 2025-06 | $475,000 | 875 | 51.3% |
| 3 LORELEI TERR | 2025-06 | $560,000 | 861 | 45.0% |
| 51 CHURCH ST | 2025-12 | $570,000 | 1,088 | 43.0% |
| 144 CORABELLE AVE | 2026-03 | $570,000 | 816 | 35.1% |
| 67 AVE A | 2025-08 | $581,000 | 915 | 43.0% |
| 84 CHESTNUT ST | 2025-08 | $497,000 | 770 | 47.7% |
| 396 HARRISON AVE #7 | 2025-08 | $340,000 | 951 | 53.6% |
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