The Fair Share Report
121 E 5th 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 $245,084 – $370,174, 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 $324,905 home should be assessed near $177,333.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,433 below what the ratio math suggests (21.7%).
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
32%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 |
|---|---|---|---|---|
| 455 HORACE AVE | 2025-08 | $340,000 | 1,408 | 41.9% |
| 905 PARK AVE | 2025-09 | $370,000 | 1,364 | 49.6% |
| 637 GARFIELD AVE | 2025-08 | $410,000 | 1,331 | 41.0% |
| 808 WALNUT ST | 2025-02 | $237,100 | 1,248 | 80.4% |
| 480 W FRONT ST | 2026-02 | $255,000 | 1,312 | 44.3% |
| 106 LECONEY CIRCLE | 2025-09 | $385,000 | 1,576 | 41.5% |
| 102 LECONEY CIRCLE | 2025-11 | $410,000 | 1,504 | 48.1% |
| 726 PENNSYLVANIA AVE | 2026-03 | $360,000 | 1,344 | 48.1% |
| 320 W 5TH ST | 2025-01 | $295,000 | 1,204 | 55.1% |
| 607 NEW JERSEY AVE | 2025-01 | $237,000 | 1,544 | 61.0% |
| 923 GARFIELD AVENUE | 2026-01 | $322,500 | 1,161 | 43.3% |
| 717 WASHINGTON AVE | 2025-03 | $260,000 | 1,576 | 69.6% |
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