The Fair Share Report
5 Alpha Ln
Lawrence, NJ 08332
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 $112,541 – $218,762, from 12 comparable Lawrence 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 Lawrence assessments sit below market value — republished every October, applied town-wide. A $172,336 home should be assessed near $127,546.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,546 below what the ratio math suggests (17.7%).
Step 4 · The tax rate — same for every Lawrence home
$1.214 Schools · 41% $1.092 County · 37% $0.671 Town · 23%
Step 5 · The bill
This home vs. every recent Lawrence sale · assessed ÷ market
40%100%
Paying about right
This home's ratio lands inside Lawrence'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 |
|---|---|---|---|---|
| 338 MAIN ST | 2025-05 | $80,000 | 946 | 103.4% |
| 3149 CEDARVILLE RD | 2026-06 | $160,000 | 1,080 | 90.1% |
| 38 FRANKLIN ST | 2025-10 | $169,900 | 816 | 47.8% |
| 5651 WARD AVE | 2026-02 | $215,000 | 960 | 54.7% |
| 11 BETA LANE | 2026-04 | $275,000 | 1,288 | 45.5% |
| 544 NEWPORT RD | 2025-05 | $180,000 | 704 | 51.6% |
| 14 EAST AVE | 2025-09 | $169,000 | 870 | 60.1% |
| 14 EAST AVE | 2025-02 | $85,000 | 870 | 119.5% |
| 3755 CEDARVILLE RD | 2025-02 | $185,000 | 1,008 | 61.7% |
| 485 LUMMISTOWN RD. | 2025-04 | $150,000 | 1,141 | 94.1% |
| 59 MULFORD AVE | 2025-05 | $180,000 | 1,105 | 80.3% |
| 3015 PARK AVE | 2026-04 | $185,000 | 1,107 | 77.5% |
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