The Fair Share Report
3 Morrell Rd
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 $395,162 – $642,623, 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 $552,054 home should be assessed near $407,416.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,316 below what the ratio math suggests (11.1%).
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%97%
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 |
|---|---|---|---|---|
| 30 KARENA LANE | 2025-05 | $685,000 | 2,210 | 55.0% |
| 31 YORKSHIRE VILLAGE RD | 2025-05 | $700,000 | 2,008 | 52.9% |
| 47 WOODMONT DRIVE | 2025-05 | $525,000 | 2,154 | 58.0% |
| 57 WOODMONT DRIVE | 2026-03 | $432,000 | 2,143 | 67.7% |
| 69 WOODMONT DRIVE | 2025-06 | $460,000 | 2,143 | 63.6% |
| 14 YORKSHIRE VILLAGE RD | 2025-03 | $687,500 | 2,009 | 54.0% |
| 141 ALTAMAWR AVE | 2026-06 | $625,000 | 2,257 | 59.6% |
| 4 SCHINDLER COURT | 2025-12 | $490,000 | 2,647 | 74.2% |
| 28 SCHINDLER COURT | 2025-09 | $493,000 | 2,647 | 73.8% |
| 92 BETTS AVE | 2026-02 | $325,000 | 2,274 | 62.0% |
| 3 VENTANA COURT | 2026-04 | $500,000 | 2,647 | 69.9% |
| 158 COPPERFIELD DRIVE | 2025-07 | $520,000 | 1,956 | 58.0% |
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