The Fair Share Report
191 Eldridge Ave
Lawrence, NJ 08648
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Lawrence's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $337,241 – $496,779, 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 $376,398 home should be assessed near $277,782.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,882 below what the ratio math suggests (7.9%).
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%90%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 81 LEWISVILLE ROAD | 2025-06 | $475,000 | 1,828 | 65.0% |
| 941 LANNING AVE | 2025-03 | $310,000 | 1,893 | 65.5% |
| 967 LANNING AVE | 2025-06 | $280,000 | 1,734 | 109.7% |
| 192 MILLERICK AVE | 2025-09 | $315,000 | 1,534 | 60.5% |
| 160 MILLERICK AVE | 2026-03 | $433,000 | 1,654 | 55.8% |
| 771 LAKE DR | 2025-05 | $319,000 | 1,568 | 69.2% |
| 32 LAWNSIDE DR | 2025-04 | $480,000 | 1,646 | 64.0% |
| 9 PIN OAK DR | 2026-03 | $535,000 | 2,065 | 62.7% |
| 80 BERWYN PL | 2025-10 | $300,000 | 1,599 | 76.4% |
| 150 GAINSBORO RD | 2025-09 | $310,000 | 1,604 | 80.2% |
| 38 COLONIAL LAKE DR | 2025-04 | $446,000 | 1,690 | 49.7% |
| 14 EMPRESS LANE | 2026-05 | $494,000 | 2,140 | 61.2% |
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