The Fair Share Report
131 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 $677,223 – $852,154, 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 $733,943 home should be assessed near $381,137.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,037 below what the ratio math suggests (8.7%).
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 |
|---|---|---|---|---|
| 13 AVE A | 2025-09 | $650,000 | 1,800 | 42.1% |
| 242 WESTMINSTER PL | 2025-06 | $810,000 | 2,112 | 53.8% |
| 216 CORABELLE AVE | 2025-09 | $510,000 | 2,200 | 61.1% |
| 15 FIRST ST | 2026-03 | $965,000 | 2,090 | 35.0% |
| 15 FIRST ST | 2025-08 | $877,000 | 2,090 | 38.6% |
| 85 SPRING ST | 2026-01 | $570,000 | 1,644 | 53.3% |
| 12 BOYD ST | 2025-12 | $634,000 | 1,643 | 42.7% |
| 173 CORABELLE AVE | 2025-08 | $755,000 | 1,572 | 41.6% |
| 216 FARNHAM AVE | 2025-07 | $775,000 | 2,088 | 41.9% |
| 125 TERRACE AVE | 2025-08 | $765,000 | 1,710 | 43.8% |
| 20 BORIG PL | 2025-07 | $837,000 | 1,920 | 47.3% |
| 116 SPRING ST | 2025-12 | $760,000 | 1,748 | 41.3% |
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