The Fair Share Report
505 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 $350,954 – $426,552, 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 $409,527 home should be assessed near $246,167.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,767 below what the ratio math suggests (26.3%).
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%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 |
|---|---|---|---|---|
| 532 WINDSOR STREET | 2025-09 | $360,000 | 1,246 | 51.2% |
| 322 STATION DRIVE | 2025-02 | $400,000 | 1,240 | 43.9% |
| 418 SYCAMORE DRIVE | 2025-08 | $420,000 | 1,232 | 45.6% |
| 584 VAUGHN AVENUE | 2025-06 | $268,000 | 1,170 | 45.2% |
| 1827 LONGWOOD DRIVE | 2026-06 | $400,000 | 1,272 | 45.7% |
| 635 CHELSEA STREET | 2026-01 | $480,000 | 1,200 | 40.3% |
| 509 TAPPAN STREET | 2026-02 | $425,000 | 1,291 | 45.1% |
| 108 LAWRENCE DRIVE | 2025-07 | $310,000 | 1,280 | 54.7% |
| 1701 LAKESIDE DR SO | 2025-02 | $211,996 | 1,130 | 93.5% |
| 746 MONTAUK DRIVE | 2025-04 | $410,000 | 1,248 | 47.0% |
| 1250 KENNEBEC ROAD | 2025-06 | $452,000 | 1,254 | 44.6% |
| 930 DEVON STREET | 2025-09 | $400,000 | 1,176 | 43.9% |
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