The Fair Share Report
51 Mitchell St
Lodi, NJ 07644
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 $703,888 – $978,044, from 12 comparable Lodi 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 Lodi assessments sit below market value — republished every October, applied town-wide. A $866,029 home should be assessed near $449,729.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,129 below what the ratio math suggests (11.4%).
Step 4 · The tax rate — same for every Lodi home
$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Lodi sale · assessed ÷ market
31%65%
Paying about right
This home's ratio lands inside Lodi'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 |
|---|---|---|---|---|
| 62 GARIBALDI AVE | 2024-12 | $615,000 | 2,342 | 59.4% |
| 216 FARNHAM AVE | 2025-07 | $775,000 | 2,088 | 41.9% |
| 89 NORWOOD AVE | 2026-05 | $999,000 | 2,257 | 40.0% |
| 15 FIRST ST | 2026-03 | $965,000 | 2,090 | 35.0% |
| 15 FIRST ST | 2025-08 | $877,000 | 2,090 | 38.6% |
| 356 WESTMINSTER PL | 2026-01 | $880,000 | 2,198 | 40.8% |
| 7 BLUERIDGE RD | 2025-04 | $650,000 | 2,047 | 51.6% |
| 19 FIRST ST | 2025-04 | $980,000 | 2,778 | 38.5% |
| 252 CHURCH ST | 2026-03 | $650,000 | 2,192 | 52.1% |
| 93 RICHMOND ST | 2026-04 | $992,500 | 2,380 | 41.1% |
| 40 AVE A | 2025-12 | $850,000 | 2,368 | 48.8% |
| 21 PINE ST | 2025-07 | $780,000 | 2,040 | 40.6% |
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