The Fair Share Report
40 Lumar Rd
Lawrence, NJ 08648
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Lawrence's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $389,628 – $496,125, from 12 comparable Lawrence sales in the past 18 months, at this home's 1,728 sq ft.
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 $442,924 home should be assessed near $326,878.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,178 below what the ratio math suggests (23.3%).
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%90%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 94 FRANKLIN CORNER RD | 2025-08 | $400,000 | 1,774 | 67.5% |
| 967 LANNING AVE | 2025-06 | $280,000 | 1,734 | 109.7% |
| 32 LAWNSIDE DR | 2025-04 | $480,000 | 1,646 | 64.0% |
| 80 BERWYN PL | 2025-10 | $300,000 | 1,599 | 76.4% |
| 38 COLONIAL LAKE DR | 2025-04 | $446,000 | 1,690 | 49.7% |
| 150 GAINSBORO RD | 2025-09 | $310,000 | 1,604 | 80.2% |
| 160 MILLERICK AVE | 2026-03 | $433,000 | 1,654 | 55.8% |
| 242 FIELDBORO DR | 2025-12 | $441,000 | 1,536 | 55.3% |
| 16 STONICKER DR | 2025-05 | $615,000 | 2,030 | 49.5% |
| 9 PIN OAK DR | 2026-03 | $535,000 | 2,065 | 62.7% |
| 2931 MAIN STREET | 2025-02 | $630,000 | 1,977 | 60.5% |
| 11 MARVIN COURT | 2025-11 | $449,000 | 1,766 | 65.7% |
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