The Fair Share Report

97 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

≈ $717,589

Likely range $598,928 – $796,289, 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 $717,589 home should be assessed near $372,644.

Step 3 · Assessed value

$317,500

Set at the last town-wide revaluation and mostly frozen since. That's $55,144 below what the ratio math suggests (14.8%).

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

$11,240/yr
Public schools$6,229
Bergen County$1,299
Town of Lodi$3,712
Lodi average$11,433

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

Town median 46.0%
This home · 44.2%

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
27 CENTRAL AVE2025-09$780,0001,61238.8%
21 CALVIN AVE2025-04$640,0001,60046.8%
65 CHESTNUT ST2025-02$815,0001,70442.9%
470 FARNHAM AVE2026-06$850,0001,62237.8%
98 AVE D2026-01$515,0001,55254.6%
102 CHARLTON AVE2025-04$740,0001,60860.2%
536 MAIN ST2025-04$350,0001,63877.5%
54 AVE F2025-08$675,0001,45542.8%
114 AVE F2026-05$560,0001,51247.4%
42 RIVERVIEW AVE2025-02$650,0001,46544.6%
7 SHORT ST2025-06$810,0001,60838.1%
163 GROVE ST2026-04$640,0001,46050.3%

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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 →