The Fair Share Report
56 Spring 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 $495,040 – $705,200, 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 $607,374 home should be assessed near $315,409.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,209 below what the ratio math suggests (12.7%).
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 |
|---|---|---|---|---|
| 295 BELL AVE | 2025-11 | $590,000 | 1,504 | 40.9% |
| FARNHAM AVE | 2025-03 | $680,000 | — | 2.7% |
| 72 AVE A | 2025-04 | $701,000 | 1,560 | 35.7% |
| 173 CORABELLE AVE | 2025-08 | $755,000 | 1,572 | 41.6% |
| 116 SPRING ST | 2025-12 | $760,000 | 1,748 | 41.3% |
| 152 WASHINGTON ST | 2025-08 | $550,000 | 1,684 | 53.5% |
| 198 FARNHAM AVE | 2025-01 | $875,000 | 2,000 | 32.1% |
| 163 SAINT JOSEPH BLVD | 2026-04 | $500,000 | 1,348 | 51.3% |
| 13 AVE A | 2025-09 | $650,000 | 1,800 | 42.1% |
| 85 SPRING ST | 2026-01 | $570,000 | 1,644 | 53.3% |
| 34 FIRST ST | 2025-03 | $390,000 | 1,776 | 67.7% |
| 4 COLUMBIA AVE | 2025-08 | $470,000 | 1,452 | 50.8% |
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