The Fair Share Report

37 Pine 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

≈ $903,797

Likely range $790,319 – $989,582, from 12 comparable Lodi sales in the past 18 months, at this home's 2,604 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 $903,797 home should be assessed near $469,342.

Step 3 · Assessed value

$446,300

Set at the last town-wide revaluation and mostly frozen since. That's $23,042 below what the ratio math suggests (4.9%).

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

$15,799/yr
Public schools$8,756
Bergen County$1,825
Town of Lodi$5,217
Lodi average$11,433

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

Town median 46.0%
This home · 49.4%

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
359 UNION ST2025-04$951,0002,74047.1%
20 SO CORABELLE AVE2026-06$1,210,0002,66234.6%
89 NORWOOD AVE2026-05$999,0002,25740.0%
40 AVE A2025-12$850,0002,36848.8%
93 RICHMOND ST2026-04$992,5002,38041.1%
2 PAULINE TERR2026-04$915,0002,73048.1%
71 MITCHELL ST2025-10$925,0002,92640.5%
286 UNION ST2025-04$563,0001,97680.4%
9 REDSTONE LN2025-06$640,0002,48556.8%
17 GUNTHER AVE2025-10$640,0001,90850.8%
6 BRANCA CT2025-12$710,0002,51254.0%
327 WESTMINSTER PL2025-03$955,0002,51344.0%

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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 →