The Fair Share Report
24 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $700,502 – $885,526, 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 $761,053 home should be assessed near $395,215.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,885 above what the ratio math suggests (1.5%).
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 |
|---|---|---|---|---|
| 219 WESTMINSTER PL | 2025-09 | $755,000 | 2,560 | 55.1% |
| 327 WESTMINSTER PL | 2025-03 | $955,000 | 2,513 | 44.0% |
| 38 CHURCH ST | 2025-05 | $780,000 | 2,570 | 54.8% |
| 9 REDSTONE LN | 2025-06 | $640,000 | 2,485 | 56.8% |
| 45 ARNOT ST | 2026-04 | $760,000 | 2,296 | 48.5% |
| 6 BRANCA CT | 2025-12 | $710,000 | 2,512 | 54.0% |
| 57 RICHMOND ST | 2025-12 | $740,000 | 2,132 | 48.6% |
| 180 WESTERVELT PL | 2025-07 | $850,000 | 2,912 | 54.1% |
| 2 PAULINE TERR | 2026-04 | $915,000 | 2,730 | 48.1% |
| 40 AVE A | 2025-12 | $850,000 | 2,368 | 48.8% |
| 93 RICHMOND ST | 2026-04 | $992,500 | 2,380 | 41.1% |
| 72 CORABELLE AVE | 2025-08 | $675,000 | 2,160 | 53.8% |
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