The Fair Share Report
408 Sinclair Ave
Lacey, NJ 08087
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 $301,351 – $456,237, 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 $387,477 home should be assessed near $232,912.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $55,012 below what the ratio math suggests (23.6%).
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
34%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 |
|---|---|---|---|---|
| 20 NORWICK DRIVE | 2026-06 | $275,000 | 1,224 | 56.1% |
| 635 CHELSEA STREET | 2026-01 | $480,000 | 1,200 | 40.3% |
| 1 CANTERBURY DRIVE | 2026-02 | $200,000 | 1,224 | 76.7% |
| 12 SUSSEX PLACE | 2024-12 | $185,000 | 1,224 | 120.6% |
| 118 HEMLOCK DRIVE | 2026-03 | $440,000 | 1,188 | 44.0% |
| 1024 SARASOTA DRIVE | 2025-06 | $430,000 | 1,152 | 45.0% |
| 615 BEACH BLVD | 2026-04 | $310,000 | 1,180 | 60.1% |
| 532 WINDSOR STREET | 2025-09 | $360,000 | 1,246 | 51.2% |
| 930 DEVON STREET | 2025-09 | $400,000 | 1,176 | 43.9% |
| 20 BAY WAY | 2025-10 | $352,000 | 1,152 | 57.2% |
| 42 CANTERBURY DRIVE | 2026-01 | $318,750 | 1,224 | 50.4% |
| 202 WALNUT DRIVE | 2025-01 | $436,000 | 1,204 | 52.8% |
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