The Fair Share Report
512 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 $473,556 – $726,876, 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 $601,610 home should be assessed near $361,628.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,128 below what the ratio math suggests (7.8%).
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%76%
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 |
|---|---|---|---|---|
| 10 DOLPHIN COURT | 2026-04 | $895,000 | 2,082 | 47.3% |
| 534 HOLMES AVENUE NO | 2026-04 | $640,000 | 2,214 | 55.0% |
| 601 FRANKLIN COURT | 2026-01 | $700,000 | 2,076 | 66.9% |
| 706 RADCLIFFE ROAD | 2025-12 | $579,000 | 2,023 | 53.0% |
| 499 LAURELWOOD DRIVE | 2025-09 | $510,000 | 2,003 | 57.2% |
| 548 BRENTWOOD ROAD | 2025-03 | $615,000 | 2,000 | 51.8% |
| 416 STEUBEN AVENUE | 2025-03 | $525,000 | 2,028 | 60.4% |
| 1216 ORLANDO DRIVE | 2025-09 | $868,000 | 2,012 | 47.1% |
| 500 BUTTONWOOD DRIVE | 2025-05 | $420,000 | 2,012 | 69.2% |
| 510 TEAKWOOD DRIVE | 2025-04 | $471,000 | 2,012 | 50.3% |
| 1205 NIIHAU DRIVE | 2026-05 | $862,500 | 2,204 | 40.5% |
| 1200 GREBE COURT | 2025-01 | $735,000 | 2,188 | 63.7% |
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