The Fair Share Report
636 Devon St
Lacey, NJ 08731
The town catches up with market prices only once a year — and only based on the average change of all homes in the area. This report checks whether this house's assessment kept pace.
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Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $336,542 – $429,119, 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 $400,895 home should be assessed near $240,978.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $85,078 below what the ratio math suggests (35.3%).
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
31%75%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 615 DEVON STREET | 2026-06 | $406,000 | 1,050 | 41.0% |
| 31 TITANIC ROAD | 2026-05 | $355,000 | 1,104 | 51.7% |
| 1006 PAINTER POINT | 2025-12 | $550,000 | 1,051 | 58.3% |
| 1024 SARASOTA DRIVE | 2025-06 | $430,000 | 1,152 | 45.0% |
| 930 DEVON STREET | 2025-09 | $400,000 | 1,176 | 43.9% |
| 476 LAKE BARNEGAT DRIVE | 2025-10 | $399,000 | 996 | 54.7% |
| 414 NANTUCKET ROAD | 2026-06 | $425,500 | 960 | 49.8% |
| 127 DRIFTWOOD LANE | 2026-06 | $415,000 | 1,108 | 46.3% |
| 2009 BROOKDALE DRIVE | 2025-08 | $289,900 | 966 | 42.0% |
| 113 LAWRENCE DRIVE | 2025-07 | $339,000 | 1,040 | 48.9% |
| 20 BAY WAY | 2025-10 | $352,000 | 1,152 | 57.2% |
| 635 CHELSEA STREET | 2026-01 | $480,000 | 1,200 | 40.3% |
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