The Fair Share Report
16 Eldridge Ave
Lawrence, NJ 08550
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 $239,707 – $406,800, from 12 comparable Lawrence 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 Lawrence assessments sit below market value — republished every October, applied town-wide. A $308,224 home should be assessed near $227,469.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,069 below what the ratio math suggests (5.7%).
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
45%95%
Paying about right
This home's ratio lands inside Lawrence'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 |
|---|---|---|---|---|
| 192 MILLERICK AVE | 2025-09 | $315,000 | 1,534 | 60.5% |
| 771 LAKE DR | 2025-05 | $319,000 | 1,568 | 69.2% |
| 755 PURITAN AVE | 2026-01 | $205,000 | 1,424 | 81.4% |
| 81 LEWISVILLE ROAD | 2025-06 | $475,000 | 1,828 | 65.0% |
| 941 LANNING AVE | 2025-03 | $310,000 | 1,893 | 65.5% |
| 1588 BRUNSWICK AVE | 2025-03 | $380,000 | 1,268 | 40.0% |
| 80 BERWYN PL | 2025-10 | $300,000 | 1,599 | 76.4% |
| 242 FIELDBORO DR | 2025-12 | $441,000 | 1,536 | 55.3% |
| 967 LANNING AVE | 2025-06 | $280,000 | 1,734 | 109.7% |
| 1 KENT COURT | 2025-07 | $245,000 | 1,463 | 74.3% |
| 32 LAWNSIDE DR | 2025-04 | $480,000 | 1,646 | 64.0% |
| 710 NATHAN HALE AVE | 2025-04 | $355,000 | 1,284 | 55.2% |
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