The Fair Share Report
21 Eldridge Ave
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 $404,626 – $506,933, 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 $423,187 home should be assessed near $312,312.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,912 below what the ratio math suggests (26.5%).
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
40%90%
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 |
|---|---|---|---|---|
| 5 DANIELLE COURT | 2025-06 | $513,000 | 1,677 | 53.2% |
| 3 DANIELLE COURT | 2025-05 | $510,000 | 1,677 | 52.4% |
| 9 VILLAGE COURT | 2025-01 | $490,000 | 1,642 | 52.0% |
| 36 VIBURNUM COURT | 2026-04 | $400,000 | 1,620 | 51.4% |
| 24 PAGODA COURT | 2025-05 | $439,000 | 1,740 | 57.1% |
| 13 PAGODA COURT | 2025-05 | $446,000 | 1,740 | 55.3% |
| 7 O'NEILL COURT | 2025-12 | $400,000 | 1,804 | 52.0% |
| 32 DREWES COURT | 2025-03 | $368,000 | 1,438 | 50.0% |
| 74 DREWES COURT | 2025-01 | $355,000 | 1,438 | 50.9% |
| 92 TRADITIONS WAY | 2025-07 | $415,500 | 1,579 | 47.6% |
| 223 FEDERAL POINT BLVD | 2025-04 | $390,000 | 1,579 | 50.4% |
| 38 COLONIAL LAKE DR | 2025-04 | $446,000 | 1,690 | 49.7% |
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