The Fair Share Report
5 Rydal Dr
Lawrence, NJ 08648
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 $389,471 – $578,822, 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 $534,482 home should be assessed near $394,448.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,048 below what the ratio math suggests (21.3%).
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%
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 |
|---|---|---|---|---|
| 9 PIN OAK DR | 2026-03 | $535,000 | 2,065 | 62.7% |
| 16 STONICKER DR | 2025-05 | $615,000 | 2,030 | 49.5% |
| 259 GLENN AVE | 2025-10 | $430,000 | 2,142 | 65.5% |
| 14 EMPRESS LANE | 2026-05 | $494,000 | 2,140 | 61.2% |
| 11 GRANDVIEW AVENUE | 2025-09 | $710,000 | 2,170 | 55.3% |
| 2815 PRINCETON PIKE | 2025-02 | $617,000 | 2,266 | 50.1% |
| 2931 MAIN STREET | 2025-02 | $630,000 | 1,977 | 60.5% |
| 94 FRANKLIN CORNER RD | 2025-08 | $400,000 | 1,774 | 67.5% |
| 2 FEATHERBED COURT | 2025-12 | $307,500 | 2,058 | 66.7% |
| 92 BETTS AVE | 2026-02 | $325,000 | 2,274 | 62.0% |
| 31 COLONIAL LAKE DR | 2024-12 | $400,000 | 2,298 | 81.0% |
| 8 TRAFALGAR COURT | 2025-06 | $435,000 | 2,130 | 51.1% |
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