The Fair Share Report

95 Eldridge Ave

Lawrence, NJ 08648

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

≈ $397,555

Likely range $379,972 – $463,518, from 12 comparable Lawrence sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

73.80%

The state's official measure of how far Lawrence assessments sit below market value — republished every October, applied town-wide. A $397,555 home should be assessed near $293,396.

Step 3 · Assessed value

$212,900

Set at the last town-wide revaluation and mostly frozen since. That's $80,496 below what the ratio math suggests (27.4%).

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

$3.164 per $100 assessed

$1.687 Schools · 53% $0.795 County · 25% $0.682 Town · 22%

Step 5 · The bill

$6,738/yr
Public schools$3,593
Mercer County$1,693
Town of Lawrence$1,452
Lawrence average$9,151

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

Town median 60.1%
This home · 53.6%

40%90%

Paying about right

This home's ratio lands inside Lawrence'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
242 FIELDBORO DR2025-12$441,0001,53655.3%
38 COLONIAL LAKE DR2025-04$446,0001,69049.7%
80 BERWYN PL2025-10$300,0001,59976.4%
32 LAWNSIDE DR2025-04$480,0001,64664.0%
150 GAINSBORO RD2025-09$310,0001,60480.2%
36 VIBURNUM COURT2026-04$400,0001,62051.4%
32 DREWES COURT2025-03$368,0001,43850.0%
74 DREWES COURT2025-01$355,0001,43850.9%
9 VILLAGE COURT2025-01$490,0001,64252.0%
5 DANIELLE COURT2025-06$513,0001,67753.2%
3 DANIELLE COURT2025-05$510,0001,67752.4%
160 MILLERICK AVE2026-03$433,0001,65455.8%

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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 →