The Fair Share Report
16 Eakin St
Salem, NJ 08079
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 $123,966 – $329,181, from 12 comparable Salem 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 Salem assessments sit below market value — republished every October, applied town-wide. A $172,209 home should be assessed near $85,795.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,895 below what the ratio math suggests (6.9%).
Step 4 · The tax rate — same for every Salem home
$2.297 Schools · 27% $2.023 County · 23% $4.308 Town · 50%
Step 5 · The bill
This home vs. every recent Salem sale · assessed ÷ market
19%74%
Paying about right
This home's ratio lands inside Salem'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 |
|---|---|---|---|---|
| 49 MARKET ST | 2025-07 | $247,000 | 2,459 | 24.4% |
| 5&7 VAN METER TERRACE | 2025-02 | $180,000 | 3,388 | 45.3% |
| 168 COOK AVE | 2025-09 | $275,000 | 2,720 | 25.3% |
| 244 E BROADWAY | 2026-04 | $15,000 | 3,536 | 74.7% |
| 10 DAVIS AVE | 2026-02 | $249,900 | 2,361 | 29.8% |
| 204-206 WESLEY ST | 2025-07 | $180,000 | 2,572 | 29.9% |
| 46 WALNUT ST | 2025-01 | $100,000 | 2,596 | 54.9% |
| 236 GRANT ST | 2025-11 | $115,000 | 2,404 | 38.9% |
| 69 W BROADWAY | 2025-08 | $85,000 | 2,747 | 61.3% |
| 300 E BROADWAY | 2026-01 | $210,000 | 3,472 | 31.8% |
| 10 DELAWARE DR | 2026-05 | $342,500 | 2,392 | 37.2% |
| 217-219 CHURCH ST | 2025-08 | $196,100 | 2,256 | 31.6% |
Is this your house?
Run your own report →