The Fair Share Report
817 Cable Dr
Lacey, NJ 07830
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 $334,094 – $432,548, 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 $385,017 home should be assessed near $231,434.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,566 above what the ratio math suggests (30.1%).
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
37%96%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (69.13%) — roughly $1,903/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 613 TWIN RIVER DRIVE | 2026-01 | $412,000 | 1,143 | 45.8% |
| 105 SHODDA SCHTROSS | 2026-03 | $399,999 | 1,200 | 54.5% |
| 822 TAPPAN STREET | 2025-12 | $390,000 | 1,174 | 54.7% |
| 1616 BEACH BLVD | 2026-04 | $590,000 | 1,092 | 66.7% |
| 1716 BINNACLE ROAD | 2026-01 | $260,000 | 1,116 | 50.9% |
| 312 BUNNELL PLACE | 2025-09 | $362,000 | 1,032 | 44.9% |
| 501 ADOLPHUS STREET | 2025-07 | $350,000 | 1,188 | 65.3% |
| 5 HERON COURT | 2025-05 | $460,000 | 1,134 | 43.7% |
| 843 ROGERS STREET | 2025-03 | $337,000 | 1,191 | 45.3% |
| 16 BAYBERRY DRIVE | 2025-08 | $395,000 | 1,203 | 48.9% |
| 203 WALNUT DRIVE | 2025-10 | $440,000 | 1,198 | 42.3% |
| 1020 TRENTON AVENUE NORTH | 2026-02 | $400,000 | 1,216 | 44.9% |
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