The Fair Share Report
1663 Joffre Rd
Lacey, NJ 08731
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 $379,062 – $572,716, from 12 comparable Lacey 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 Lacey assessments sit below market value — republished every October, applied town-wide. A $432,821 home should be assessed near $260,169.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,069 below what the ratio math suggests (36.5%).
Step 4 · The tax rate — same for every Lacey home
$1.650 Schools · 60% $0.520 County · 19% $0.564 Town · 21%
Step 5 · The bill
This home vs. every recent Lacey sale · assessed ÷ market
23%75%
Keep quiet and enjoy it
This home's assessment ratio sits below the Lacey pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 540 VAUGHN AVENUE | 2025-07 | $549,000 | 1,258 | 46.1% |
| 1008 TRENTON AVENUE NORTH | 2025-02 | $440,000 | 1,152 | 40.3% |
| 1407 HILO BAY DRIVE | 2026-03 | $765,000 | 1,312 | 45.7% |
| 1 CANTERBURY DRIVE | 2026-02 | $200,000 | 1,224 | 76.7% |
| 12 SUSSEX PLACE | 2024-12 | $185,000 | 1,224 | 120.6% |
| 20 NORWICK DRIVE | 2026-06 | $275,000 | 1,224 | 56.1% |
| 2 TERN COURT | 2025-05 | $490,000 | 1,297 | 44.6% |
| 321 LETTS AVENUE | 2026-05 | $500,000 | 1,576 | 44.5% |
| 260 WALLACE AVENUE | 2025-04 | $440,000 | 1,312 | 54.7% |
| 1131 BEACH BLVD | 2026-03 | $760,000 | 1,518 | 44.9% |
| 20 BAY WAY | 2025-10 | $352,000 | 1,152 | 57.2% |
| 20 SHEFFIELD DRIVE | 2025-10 | $399,900 | 1,267 | 42.2% |
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