The Fair Share Report
245 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 $259,527 – $449,132, 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 $337,383 home should be assessed near $248,989.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,689 below what the ratio math suggests (9.5%).
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
45%92%
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 |
|---|---|---|---|---|
| 771 LAKE DR | 2025-05 | $319,000 | 1,568 | 69.2% |
| 52 BETTS AVE | 2026-02 | $300,000 | 1,807 | 62.2% |
| 755 PURITAN AVE | 2026-01 | $205,000 | 1,424 | 81.4% |
| 150 GAINSBORO RD | 2025-09 | $310,000 | 1,604 | 80.2% |
| 81 LEWISVILLE ROAD | 2025-06 | $475,000 | 1,828 | 65.0% |
| 941 LANNING AVE | 2025-03 | $310,000 | 1,893 | 65.5% |
| 160 MILLERICK AVE | 2026-03 | $433,000 | 1,654 | 55.8% |
| 192 MILLERICK AVE | 2025-09 | $315,000 | 1,534 | 60.5% |
| 9 VILLAGE COURT | 2025-01 | $490,000 | 1,642 | 52.0% |
| 32 LAWNSIDE DR | 2025-04 | $480,000 | 1,646 | 64.0% |
| 1608 BRUNSWICK AVE | 2025-08 | $265,000 | 1,799 | 67.0% |
| 36 VIBURNUM COURT | 2026-04 | $400,000 | 1,620 | 51.4% |
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