The Fair Share Report
1 River Rd
Palmyra, NJ 08065
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 $184,936 – $318,382, from 12 comparable Palmyra 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 Palmyra assessments sit below market value — republished every October, applied town-wide. A $247,169 home should be assessed near $134,905.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,105 below what the ratio math suggests (74.2%).
Step 4 · The tax rate — same for every Palmyra home
$2.549 Schools · 56% $0.578 County · 13% $1.461 Town · 32%
Step 5 · The bill
This home vs. every recent Palmyra sale · assessed ÷ market
5%72%
Keep quiet and enjoy it
This home's assessment ratio sits below the Palmyra pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 509 ORCHARD AVE | 2025-06 | $249,000 | 816 | 43.2% |
| 509 ORCHARD AVE | 2025-03 | $174,400 | 816 | 61.7% |
| 616 CHESTNUT ST | 2025-05 | $360,000 | 792 | 42.5% |
| 113 MARYLAND AVE | 2025-05 | $319,900 | 832 | 48.9% |
| 502 W 2ND ST | 2025-09 | $350,000 | 952 | 51.7% |
| 403 TEMPLE BLVD | 2025-11 | $240,000 | 876 | 66.9% |
| 327 VAN SANT DR | 2025-04 | $320,000 | 876 | 46.4% |
| 506 W BROAD ST | 2026-03 | $145,000 | 982 | 105.0% |
| 600 LEGION AVE | 2025-01 | $250,000 | 984 | 44.8% |
| 281 ARCH ST | 2026-01 | $415,000 | 988 | 24.6% |
| 417 VETERANS DRIVE | 2025-07 | $345,000 | 912 | 51.2% |
| 417 VETERANS DRIVE | 2025-04 | $220,000 | 912 | 80.3% |
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