The Fair Share Report
12 E Charles St
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 $206,354 – $405,520, from 12 comparable Palmyra sales in the past 18 months, at this home's 1,660 sq ft.
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 $340,032 home should be assessed near $185,589.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,489 below what the ratio math suggests (26.1%).
Step 4 · The tax rate — same for every Palmyra home
$2.549 Schools · 56% $0.578 County · 13% $1.461 Town · 32%
This home's own bill implies $4.264 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Palmyra sale · assessed ÷ market
28%72%
Paying about right
This home's ratio lands inside Palmyra'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 |
|---|---|---|---|---|
| 314 LECONEY AVE | 2025-12 | $170,000 | 1,810 | 90.7% |
| 314 LECONEY AVE | 2025-12 | $225,000 | 1,810 | 68.5% |
| 308 W 3RD ST | 2026-02 | $380,000 | 1,476 | 33.2% |
| 810 MORGAN AVE | 2025-12 | $387,500 | 1,938 | 38.8% |
| 513 GARFIELD AVE | 2025-08 | $440,000 | 1,718 | 44.6% |
| 717 WASHINGTON AVE | 2025-03 | $260,000 | 1,576 | 69.6% |
| 607 NEW JERSEY AVE | 2025-01 | $237,000 | 1,544 | 61.0% |
| 705 LINCOLN AVE | 2025-11 | $425,000 | 1,755 | 43.3% |
| 423 W BROAD ST | 2026-01 | $180,000 | 1,500 | 74.2% |
| 637 GARFIELD AVE | 2025-08 | $410,000 | 1,331 | 41.0% |
| 6008 RIVERFRONT DRIVE | 2025-11 | $365,000 | 1,736 | 50.4% |
| 5407 RIVERFRONT DRIVE | 2025-02 | $355,600 | 1,736 | 52.0% |
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