The Fair Share Report
504 Devoe Ave
Lacey, NJ 08731
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Lacey's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $521,716 – $695,682, from 12 comparable Lacey sales in the past 18 months, at this home's 2,542 sq ft.
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 $573,288 home should be assessed near $344,603.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,197 above what the ratio math suggests (4.1%).
Step 4 · The tax rate — same for every Lacey home
$1.650 Schools · 60% $0.520 County · 19% $0.564 Town · 21%
This home's own bill implies $2.418 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Lacey sale · assessed ÷ market
37%75%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 204 PLOVER COURT | 2025-10 | $605,000 | 2,558 | 56.3% |
| 1911 DEERHEAD LAKE DR | 2025-03 | $537,000 | 2,470 | 53.4% |
| 1 HILL TOP COURT | 2025-07 | $615,000 | 2,561 | 52.6% |
| 19 SUNRISE BLVD | 2025-09 | $475,000 | 2,582 | 68.9% |
| 533 CHELSEA STREET | 2025-12 | $525,000 | 2,558 | 57.4% |
| 456 ADMIRAL ROAD | 2025-09 | $520,000 | 2,390 | 59.3% |
| 709 RICHMOND DRIVE | 2026-05 | $800,000 | 2,700 | 77.3% |
| 1266 CAPSTAN DRIVE | 2025-01 | $860,000 | 2,370 | 51.9% |
| 229 CHEROKEE TRAIL | 2025-01 | $450,000 | 2,462 | 67.4% |
| 452 LAKE BARNEGAT DR NO | 2025-03 | $599,900 | 2,660 | 68.6% |
| 403 BRENTWOOD PLACE | 2025-07 | $630,000 | 2,302 | 54.7% |
| 510 CONIFER DRIVE | 2026-04 | $537,000 | 2,675 | 59.5% |
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