The Fair Share Report
17 Paddock Dr
Lawrence, NJ 08648
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 $476,578 – $798,513, 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 $602,019 home should be assessed near $444,290.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,090 below what the ratio math suggests (4.3%).
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 |
|---|---|---|---|---|
| 8 WOODBURY LANE | 2026-05 | $796,000 | 2,666 | 53.6% |
| 1 BROMLEY COURT | 2025-02 | $870,000 | 2,728 | 54.6% |
| 15 CARLA WAY | 2025-01 | $780,000 | 2,404 | 56.3% |
| 1 EDITH DRIVE | 2025-01 | $780,000 | 2,768 | 60.3% |
| 117 MANITEE AVE | 2025-12 | $405,000 | 2,416 | 58.0% |
| 47 WOODMONT DRIVE | 2025-05 | $525,000 | 2,154 | 58.0% |
| 57 WOODMONT DRIVE | 2026-03 | $432,000 | 2,143 | 67.7% |
| 69 WOODMONT DRIVE | 2025-06 | $460,000 | 2,143 | 63.6% |
| 8 THERESA DRIVE | 2025-05 | $814,900 | 2,820 | 59.2% |
| 31 COLONIAL LAKE DR | 2024-12 | $400,000 | 2,298 | 81.0% |
| 12 OAK PLACE | 2026-02 | $875,000 | 2,742 | 67.4% |
| 8 ANDREW DRIVE | 2025-07 | $845,000 | 2,728 | 59.5% |
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