The Fair Share Report
8 Ruby Ct
Lakewood, NJ 08701
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 $536,424 – $730,075, from 12 comparable Lakewood 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 Lakewood assessments sit below market value — republished every October, applied town-wide. A $597,645 home should be assessed near $312,389.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,011 above what the ratio math suggests (14.1%).
Step 4 · The tax rate — same for every Lakewood home
$1.026 Schools · 42% $0.600 County · 24% $0.835 Town · 34%
Step 5 · The bill
This home vs. every recent Lakewood sale · assessed ÷ market
31%72%
Paying about right
This home's ratio lands inside Lakewood'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 |
|---|---|---|---|---|
| 35 VALLEY STREAM LANE | 2024-12 | $470,000 | 2,096 | 58.4% |
| 303 SOUTH PARK AVENUE | 2025-02 | $955,000 | 2,176 | 44.4% |
| 43 WINDING RIVER ROAD | 2025-06 | $535,000 | 2,074 | 50.9% |
| 2 BELGIAN HILL ROAD | 2025-08 | $880,000 | 2,154 | 50.4% |
| 36 IVY HILL ROAD | 2026-01 | $583,000 | 2,070 | 46.8% |
| 52 ROSEWOOD DRIVE | 2025-10 | $789,000 | 2,196 | 37.3% |
| 97 ENCLAVE BOULEVARD | 2025-01 | $675,000 | 2,129 | 44.5% |
| 6 ROUND VALLEY COURT | 2026-04 | $532,000 | 2,041 | 48.3% |
| 103 ENCLAVE BOULEVARD | 2025-04 | $400,000 | 2,105 | 72.6% |
| 65 NORTH CREST PLACE | 2025-01 | $690,000 | 2,180 | 50.3% |
| 68 IVY HILL ROAD | 2024-12 | $495,000 | 2,046 | 58.9% |
| 30 STRAWBERRY LANE | 2026-05 | $550,000 | 2,041 | 46.9% |
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