The Fair Share Report

7 Robert Ct

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.

Step 1 · Market value

≈ $522,388

Likely range $441,057 – $629,620, from 12 comparable Lodi sales in the past 18 months, at this home's 1,050 sq ft.

Step 2 · The Director's Ratio

51.93%

The state's official measure of how far Lodi assessments sit below market value — republished every October, applied town-wide. A $522,388 home should be assessed near $271,276.

Step 3 · Assessed value

$290,100

Set at the last town-wide revaluation and mostly frozen since. That's $18,824 above what the ratio math suggests (6.9%).

Step 4 · The tax rate — same for every Lodi home

$3.540 per $100 assessed

$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%

Step 5 · The bill

$10,270/yr
Public schools$5,692
Bergen County$1,187
Town of Lodi$3,391
Lodi average$11,433

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

Town median 46.0%
This home · 55.5%

31%71%

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)

AddressSoldPriceSq ftRatio
221 SAINT JOSEPH BLVD2025-01$640,0001,05047.1%
83 CORABELLE AVE2026-04$500,0001,00557.9%
47 HOME PL2025-09$475,0001,14761.0%
28 LONGVALLEY RD2025-05$552,0001,07548.0%
72 CHARLTON AVE2026-01$599,0001,10741.8%
72 CHARLTON AVE2025-11$465,0001,10753.9%
212 PATERSON AVE2025-12$440,0001,04155.7%
445 FARNHAM AVE2025-06$535,0001,22755.3%
34 GARDEN ST2025-02$768,0001,15235.6%
7 CLARK ST2025-08$460,0001,12554.2%
218 CORABELLE AVE2025-08$625,0001,18356.0%
20 GREENLAWN DR2025-01$500,0001,14853.1%

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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 →