The Fair Share Report
2 Davis Dr
Lodi, NJ 07602
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 $580,416 – $801,723, 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 $688,918 home should be assessed near $357,755.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,755 below what the ratio math suggests (17.8%).
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 |
|---|---|---|---|---|
| 163 GROVE ST | 2026-04 | $640,000 | 1,460 | 50.3% |
| 42 RIVERVIEW AVE | 2025-02 | $650,000 | 1,465 | 44.6% |
| 16 AVE F | 2025-03 | $773,200 | 1,479 | 37.9% |
| 98 AVE D | 2026-01 | $515,000 | 1,552 | 54.6% |
| 54 AVE F | 2025-08 | $675,000 | 1,455 | 42.8% |
| 340 WESTERVELT PL | 2025-10 | $760,000 | 1,433 | 43.8% |
| 21 CALVIN AVE | 2025-04 | $640,000 | 1,600 | 46.8% |
| 59 SOUTH SAVOIE ST | 2025-06 | $421,000 | 1,536 | 75.5% |
| 27 CENTRAL AVE | 2025-09 | $780,000 | 1,612 | 38.8% |
| 114 AVE F | 2026-05 | $560,000 | 1,512 | 47.4% |
| 55 BURNS AVE | 2026-02 | $640,000 | 1,518 | 51.8% |
| 470 FARNHAM AVE | 2026-06 | $850,000 | 1,622 | 37.8% |
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