The Fair Share Report

30 Mitchell St

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

≈ $496,714

Likely range $396,328 – $615,197, from 12 comparable Lodi sales in the past 18 months (home size estimated from assessor data — range widened).

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 $496,714 home should be assessed near $257,944.

Step 3 · Assessed value

$204,700

Set at the last town-wide revaluation and mostly frozen since. That's $53,244 below what the ratio math suggests (20.6%).

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

$7,246/yr
Public schools$4,016
Bergen County$837
Town of Lodi$2,393
Lodi average$11,433

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

Town median 46.0%
This home · 41.2%

28%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
111 AUTUMN ST2026-05$635,00091836.7%
51 CHURCH ST2025-12$570,0001,08843.0%
69 CHESTNUT ST2025-10$410,0001,09260.4%
63 WASHINGTON ST2026-04$625,0001,03449.2%
70 AVE F2025-06$475,00087551.3%
8 ANNETTE TERR2026-02$472,50086453.5%
67 AVE A2025-08$581,00091543.0%
FARNHAM AVE2025-03$680,0002.7%
492 WESTMINSTER PL2026-05$508,0001,19246.0%
8 LOUIS ST2025-09$599,0001,32643.5%
3 LORELEI TERR2025-06$560,00086145.0%
65 AVE C2026-05$610,00089845.3%

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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 →