The Fair Share Report
27 Mitchell St
Lodi, NJ 07652
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 $690,449 – $846,906, 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 $809,022 home should be assessed near $420,125.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,325 below what the ratio math suggests (20.1%).
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 |
|---|---|---|---|---|
| 21 PINE ST | 2025-07 | $780,000 | 2,040 | 40.6% |
| 34 FIRST ST | 2025-03 | $390,000 | 1,776 | 67.7% |
| 116 SPRING ST | 2025-12 | $760,000 | 1,748 | 41.3% |
| 216 FARNHAM AVE | 2025-07 | $775,000 | 2,088 | 41.9% |
| 152 WASHINGTON ST | 2025-08 | $550,000 | 1,684 | 53.5% |
| 80 MAC ARTHUR AVE | 2025-11 | $750,000 | 1,956 | 43.3% |
| 14 JAMES CT | 2026-01 | $835,000 | 1,972 | 39.9% |
| 20 BORIG PL | 2025-07 | $837,000 | 1,920 | 47.3% |
| 71 MAC ARTHUR AVE | 2025-07 | $810,000 | 1,855 | 34.3% |
| 15 FIRST ST | 2026-03 | $965,000 | 2,090 | 35.0% |
| 15 FIRST ST | 2025-08 | $877,000 | 2,090 | 38.6% |
| 72 AVE A | 2025-04 | $701,000 | 1,560 | 35.7% |
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