The Fair Share Report

89 Ave D

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

≈ $676,690

Likely range $576,712 – $711,102, from 12 comparable Lodi sales in the past 18 months (home size estimated from assessor data — range widened).

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 $676,690 home should be assessed near $351,405.

Step 3 · Assessed value

$279,000

Set at the last town-wide revaluation and mostly frozen since. That's $72,405 below what the ratio math suggests (20.6%).

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

$9,877/yr
Public schools$5,474
Bergen County$1,141
Town of Lodi$3,262
Lodi average$11,433

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

Town median 46.0%
This home · 41.2%

31%65%

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
86 TRUDY DR2026-06$560,0001,30543.2%
121 PROSPECT ST2026-05$680,0001,30547.0%
100 AVE E2025-03$600,0001,30841.1%
54 AVE F2025-08$675,0001,45542.8%
42 RIVERVIEW AVE2025-02$650,0001,46544.6%
163 GROVE ST2026-04$640,0001,46050.3%
340 WESTERVELT PL2025-10$760,0001,43343.8%
4 TRUDY DR2025-11$656,0001,18043.8%
325 WESTERVELT PL2025-07$810,0001,32542.8%
37 MARY ST2026-03$602,0001,15245.4%
16 AVE F2025-03$773,2001,47937.9%
31 HILLCREST AVE2025-05$700,0001,32841.1%

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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 →