The Fair Share Report
97 Spring St
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $803,957 – $977,781, from 12 comparable Lodi sales in the past 18 months, at this home's 2,726 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Lodi assessments sit below market value — republished every October, applied town-wide. A $861,774 home should be assessed near $447,519.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,119 below what the ratio math suggests (15.4%).
Step 4 · The tax rate — same for every Lodi home
$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Lodi sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 PAULINE TERR | 2026-04 | $915,000 | 2,730 | 48.1% |
| 9 REDSTONE LN | 2025-06 | $640,000 | 2,485 | 56.8% |
| 219 WESTMINSTER PL | 2025-09 | $755,000 | 2,560 | 55.1% |
| 327 WESTMINSTER PL | 2025-03 | $955,000 | 2,513 | 44.0% |
| 61 SAINT JOSEPH BLVD | 2025-06 | $1,076,061 | 3,000 | 44.7% |
| 71 MITCHELL ST | 2025-10 | $925,000 | 2,926 | 40.5% |
| 180 WESTERVELT PL | 2025-07 | $850,000 | 2,912 | 54.1% |
| 20 SO CORABELLE AVE | 2026-06 | $1,210,000 | 2,662 | 34.6% |
| 45 ARNOT ST | 2026-04 | $760,000 | 2,296 | 48.5% |
| 38 CHURCH ST | 2025-05 | $780,000 | 2,570 | 54.8% |
| 40 AVE A | 2025-12 | $850,000 | 2,368 | 48.8% |
| 93 RICHMOND ST | 2026-04 | $992,500 | 2,380 | 41.1% |
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