The Fair Share Report

20 Ave E

Lodi, NJ 07644

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.

Step 1 · Market value

≈ $807,997

Likely range $701,933 – $890,118, from 12 comparable Lodi sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

51.93%

The state's official measure of how far Lodi assessments sit below market value — republished every October, applied town-wide. A $807,997 home should be assessed near $419,593.

Step 3 · Assessed value

$401,000

Set at the last town-wide revaluation and mostly frozen since. That's $18,593 below what the ratio math suggests (4.4%).

Step 4 · The tax rate — same for every Lodi home

$3.540 per $100 assessed

$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%

Step 5 · The bill

$14,195/yr
Public schools$7,868
Bergen County$1,640
Town of Lodi$4,688
Lodi average$11,433

This home vs. every recent Lodi sale · assessed ÷ market

Town median 46.0%
This home · 49.6%

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)

AddressSoldPriceSq ftRatio
38 CHURCH ST2025-05$780,0002,57054.8%
6 BRANCA CT2025-12$710,0002,51254.0%
327 WESTMINSTER PL2025-03$955,0002,51344.0%
9 REDSTONE LN2025-06$640,0002,48556.8%
45 ARNOT ST2026-04$760,0002,29648.5%
219 WESTMINSTER PL2025-09$755,0002,56055.1%
40 AVE A2025-12$850,0002,36848.8%
5 CHARLES ST2025-12$880,0002,63851.1%
2 PAULINE TERR2026-04$915,0002,73048.1%
20 SO CORABELLE AVE2026-06$1,210,0002,66234.6%
61 SAINT JOSEPH BLVD2025-06$1,076,0613,00044.7%
93 RICHMOND ST2026-04$992,5002,38041.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →