The Fair Share Report
357 Constitution Dr
Lacey, NJ 08731
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 $377,708 – $440,361, from 12 comparable Lacey 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 Lacey assessments sit below market value — republished every October, applied town-wide. A $399,655 home should be assessed near $240,233.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,133 below what the ratio math suggests (26.7%).
Step 4 · The tax rate — same for every Lacey home
$1.650 Schools · 60% $0.520 County · 19% $0.564 Town · 21%
Step 5 · The bill
This home vs. every recent Lacey sale · assessed ÷ market
35%75%
Paying about right
This home's ratio lands inside Lacey'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 |
|---|---|---|---|---|
| 501 ADOLPHUS STREET | 2025-07 | $350,000 | 1,188 | 65.3% |
| 455 NEWPORT ROAD | 2026-01 | $400,000 | 1,161 | 53.7% |
| 5 HERON COURT | 2025-05 | $460,000 | 1,134 | 43.7% |
| 16 BAYBERRY DRIVE | 2025-08 | $395,000 | 1,203 | 48.9% |
| 230 MAPLE LANE | 2025-02 | $434,999 | 1,243 | 48.3% |
| 2114 PARKSIDE DRIVE | 2025-05 | $465,000 | 1,260 | 52.1% |
| 127 DRIFTWOOD LANE | 2026-06 | $415,000 | 1,108 | 46.3% |
| 613 TWIN RIVER DRIVE | 2026-01 | $412,000 | 1,143 | 45.8% |
| 819 WINDWARD DRIVE | 2025-04 | $750,000 | 1,271 | 48.7% |
| 1912 SERPENTINE DRIVE | 2025-07 | $375,000 | 1,291 | 48.2% |
| 303 CHESTNUT DRIVE | 2026-01 | $520,000 | 1,212 | 50.4% |
| 822 TAPPAN STREET | 2025-12 | $390,000 | 1,174 | 54.7% |
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