The Fair Share Report

22 Pine St

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

≈ $651,981

Likely range $569,843 – $770,938, 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 $651,981 home should be assessed near $338,574.

Step 3 · Assessed value

$307,000

Set at the last town-wide revaluation and mostly frozen since. That's $31,574 below what the ratio math suggests (9.3%).

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

$10,868/yr
Public schools$6,023
Bergen County$1,256
Town of Lodi$3,589
Lodi average$11,433

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

Town median 46.0%
This home · 47.1%

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
72 AVE A2025-04$701,0001,56035.7%
152 WASHINGTON ST2025-08$550,0001,68453.5%
116 SPRING ST2025-12$760,0001,74841.3%
34 FIRST ST2025-03$390,0001,77667.7%
18 PINE ST2025-05$881,5001,41629.8%
4 COLUMBIA AVE2025-08$470,0001,45250.8%
2 ORCHARD CT2025-03$731,0001,60840.4%
21 PINE ST2025-07$780,0002,04040.6%
12 BOYD ST2025-12$634,0001,64342.7%
8 LOUIS ST2025-09$599,0001,32643.5%
540 MAIN ST2025-08$510,0001,45243.6%
295 BELL AVE2025-11$590,0001,50440.9%

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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 →