The Fair Share Report
409 Devon St
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 $680,549 – $1,114,501, 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 $807,105 home should be assessed near $485,151.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,351 below what the ratio math suggests (21.7%).
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
29%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 |
|---|---|---|---|---|
| 1228 BOREALIS COURT | 2025-02 | $875,000 | 2,665 | 55.8% |
| 605 WINDSOR STREET | 2026-05 | $730,000 | 2,609 | 48.2% |
| 308 PINE FOREST LANE | 2026-03 | $675,000 | 2,576 | 63.1% |
| 820 ELWOOD STREET | 2025-03 | $618,000 | 2,676 | 57.4% |
| 1030 MONTAUK DRIVE | 2025-09 | $1,050,000 | 2,617 | 55.3% |
| 1306 WICKFORD LANE | 2025-08 | $1,050,000 | 2,446 | 57.3% |
| 716 FAIRVIEW LANE | 2025-03 | $995,000 | 2,865 | 59.6% |
| 143 ARBORRIDGE DRIVE | 2026-03 | $795,000 | 2,627 | 52.1% |
| 706 FAIRVIEW LANE | 2026-04 | $1,650,000 | 2,923 | 37.5% |
| 830 SPAR DRIVE | 2025-06 | $999,995 | 2,857 | 60.8% |
| 452 LAKE BARNEGAT DR NO | 2025-03 | $599,900 | 2,660 | 68.6% |
| 507 LAUREL BLVD | 2025-05 | $1,575,000 | 2,812 | 36.2% |
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