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.

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

≈ $400,895

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

60.11%

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

$155,900

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

$2.735 per $100 assessed

$1.650 Schools · 60% $0.520 County · 19% $0.564 Town · 21%

Step 5 · The bill

$4,264/yr
Public schools$2,573
Ocean County$811
Town of Lacey$880
Lacey average$7,904

This home vs. every recent Lacey sale · assessed ÷ market

Town median 52.6%
This home · 38.9%

31%75%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
615 DEVON STREET2026-06$406,0001,05041.0%
31 TITANIC ROAD2026-05$355,0001,10451.7%
1006 PAINTER POINT2025-12$550,0001,05158.3%
1024 SARASOTA DRIVE2025-06$430,0001,15245.0%
930 DEVON STREET2025-09$400,0001,17643.9%
476 LAKE BARNEGAT DRIVE2025-10$399,00099654.7%
414 NANTUCKET ROAD2026-06$425,50096049.8%
127 DRIFTWOOD LANE2026-06$415,0001,10846.3%
2009 BROOKDALE DRIVE2025-08$289,90096642.0%
113 LAWRENCE DRIVE2025-07$339,0001,04048.9%
20 BAY WAY2025-10$352,0001,15257.2%
635 CHELSEA STREET2026-01$480,0001,20040.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →