The Fair Share Report
40 First 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $523,453 – $661,357, from 12 comparable Lodi 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 Lodi assessments sit below market value — republished every October, applied town-wide. A $627,632 home should be assessed near $325,929.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,929 below what the ratio math suggests (29.4%).
Step 4 · The tax rate — same for every Lodi home
$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Lodi sale · assessed ÷ market
29%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| FARNHAM AVE | 2025-03 | $680,000 | — | 2.7% |
| 34 GARDEN ST | 2025-02 | $768,000 | 1,152 | 35.6% |
| 6 CALVIN AVE | 2025-06 | $660,000 | 1,305 | 45.3% |
| 31 HILLCREST AVE | 2025-05 | $700,000 | 1,328 | 41.1% |
| 325 WESTERVELT PL | 2025-07 | $810,000 | 1,325 | 42.8% |
| 32 PASADENA AVE | 2025-12 | $650,000 | 1,080 | 40.6% |
| 7-3 SHERMAN AVE | 2025-01 | $510,000 | 1,432 | 47.9% |
| 144 COLUMBIA LN | 2025-06 | $580,500 | 1,212 | 45.9% |
| 218 CORABELLE AVE | 2025-08 | $625,000 | 1,183 | 56.0% |
| 445 FARNHAM AVE | 2025-06 | $535,000 | 1,227 | 55.3% |
| 44 SO MAIN ST #3C | 2025-07 | $345,000 | 962 | 45.9% |
| 44 SO MAIN ST #7C | 2025-01 | $315,000 | 962 | 50.3% |
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