The Fair Share Report

29 E Pl

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

≈ $473,617

Likely range $437,276 – $624,223, from 12 comparable Lodi sales in the past 18 months, at this home's 1,041 sq ft.

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 $473,617 home should be assessed near $245,949.

Step 3 · Assessed value

$236,800

Set at the last town-wide revaluation and mostly frozen since. That's $9,149 below what the ratio math suggests (3.7%).

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

$8,383/yr
Public schools$4,646
Bergen County$969
Town of Lodi$2,768
Lodi average$11,433

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

Town median 46.0%
This home · 50.0%

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
47 UNION ST2025-05$465,0001,10437.1%
63 WASHINGTON ST2026-04$625,0001,03449.2%
212 PATERSON AVE2025-12$440,0001,04155.7%
28 LONGVALLEY RD2025-05$552,0001,07548.0%
396 WESTMINSTER PL2025-09$662,0001,10442.7%
396 WESTMINSTER PL2025-02$455,0001,10462.1%
72 CHARLTON AVE2026-01$599,0001,10741.8%
72 CHARLTON AVE2025-11$465,0001,10753.9%
20 GREENLAWN DR2025-01$500,0001,14853.1%
221 SAINT JOSEPH BLVD2025-01$640,0001,05047.1%
7 CLARK ST2025-08$460,0001,12554.2%
37 MARY ST2026-03$602,0001,15245.4%

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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 →