The Fair Share Report
511 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 $461,778 – $508,768, 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 $503,455 home should be assessed near $302,627.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,227 below what the ratio math suggests (18.6%).
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 |
|---|---|---|---|---|
| 307 SUNRISE BLVD | 2025-12 | $488,000 | 1,520 | 56.8% |
| 207 SUNSET DRIVE | 2026-04 | $500,000 | 1,504 | 52.7% |
| 923 TAPPAN STREET | 2026-04 | $485,000 | 1,512 | 42.9% |
| 1007 ELWOOD STREET | 2026-03 | $480,000 | 1,453 | 43.5% |
| 311 STATION DRIVE | 2025-08 | $425,000 | 1,512 | 45.1% |
| 111 FERNWOOD LANE | 2025-09 | $450,000 | 1,466 | 57.0% |
| 743 CENTER STREET | 2025-02 | $380,000 | 1,458 | 55.7% |
| 409 SINCLAIR AVENUE | 2026-01 | $491,000 | 1,598 | 48.8% |
| 351 HARBOUR VIEW | 2026-05 | $500,000 | 1,500 | 64.8% |
| 360 CAPTAIN'S WALK | 2026-04 | $500,000 | 1,500 | 64.8% |
| 611 PINE STREET | 2025-11 | $379,000 | 1,528 | 47.8% |
| 1215 SYLVANIA PLACE | 2025-08 | $570,000 | 1,530 | 46.4% |
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