The Fair Share Report
116 Arch St
Palmyra, NJ 08054
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 $234,040 – $345,685, 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 $275,829 home should be assessed near $150,547.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,647 below what the ratio math suggests (35.0%).
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
23%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 |
|---|---|---|---|---|
| 502 W 2ND ST | 2025-09 | $350,000 | 952 | 51.7% |
| 105 LECONEY CIRCLE | 2025-10 | $330,000 | 920 | 44.5% |
| 941 CINNAMINSON AVE | 2025-04 | $327,000 | 1,080 | 48.2% |
| 417 VETERANS DRIVE | 2025-07 | $345,000 | 912 | 51.2% |
| 417 VETERANS DRIVE | 2025-04 | $220,000 | 912 | 80.3% |
| 417 VETERANS DRIVE | 2025-03 | $210,000 | 912 | 84.1% |
| 600 LEGION AVE | 2025-01 | $250,000 | 984 | 44.8% |
| 128 MARYLAND AVE | 2025-06 | $331,000 | 1,040 | 47.2% |
| 113 MARYLAND AVE | 2025-05 | $319,900 | 832 | 48.9% |
| 923 GARFIELD AVENUE | 2026-01 | $322,500 | 1,161 | 43.3% |
| 525 FRONT ST | 2026-02 | $272,000 | 1,040 | 53.2% |
| 303 W HENRY STREET | 2025-02 | $345,000 | 1,068 | 45.8% |
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