The Fair Share Report
503 Devoe Ave
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 $378,448 – $580,405, 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 $491,156 home should be assessed near $295,234.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,766 above what the ratio math suggests (1.3%).
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
37%84%
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 |
|---|---|---|---|---|
| 2177 HOLLYWOOD DRIVE | 2025-06 | $440,000 | 1,836 | 55.8% |
| 407 BRENTWOOD PLACE | 2025-11 | $560,000 | 1,866 | 54.5% |
| 412 BRENTWOOD PLACE | 2025-12 | $609,000 | 1,850 | 56.6% |
| 2093 CRESTWOOD DRIVE | 2025-01 | $292,500 | 1,877 | 96.2% |
| 406 LAWRENCE DRIVE | 2025-07 | $475,000 | 1,836 | 55.7% |
| 327 LAWRENCE DRIVE | 2025-02 | $657,500 | 1,963 | 42.4% |
| 939 CLIFTON ST | 2026-06 | $505,000 | 1,931 | 43.4% |
| 202 LAWRENCE DRIVE | 2026-03 | $545,000 | 1,812 | 40.0% |
| 500 BUTTONWOOD DRIVE | 2025-05 | $420,000 | 2,012 | 69.2% |
| 510 TEAKWOOD DRIVE | 2025-04 | $471,000 | 2,012 | 50.3% |
| 421 STEUBEN AVENUE | 2025-07 | $522,500 | 1,996 | 53.4% |
| 416 IRONS STREET | 2025-12 | $480,000 | 1,800 | 49.7% |
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