The Fair Share Report
183 E Broadway
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 $92,047 – $227,731, 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 $136,741 home should be assessed near $68,124.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,204 below what the ratio math suggests (51.7%).
Step 4 · The tax rate — same for every Salem home
$2.297 Schools · 27% $2.023 County · 23% $4.308 Town · 50%
This home's own bill implies $6.799 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Salem sale · assessed ÷ market
9%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 |
|---|---|---|---|---|
| 6 WALNUT ST | 2026-04 | $70,000 | 1,764 | 65.7% |
| 176 COOK AVE | 2026-03 | $160,000 | 1,713 | 36.0% |
| 183 CROSSLAND AVE | 2025-12 | $130,000 | 1,713 | 45.2% |
| 175 NINTH ST | 2026-04 | $195,000 | 1,776 | 30.1% |
| 293 PEARL ST | 2025-06 | $210,000 | 1,792 | 25.1% |
| 210 WESLEY ST | 2026-01 | $105,000 | 1,795 | 47.6% |
| 200 N UNION ST | 2026-04 | $207,500 | 1,686 | 28.9% |
| 200 N UNION ST | 2025-11 | $115,000 | 1,686 | 52.2% |
| 91 SEVENTH ST | 2025-02 | $142,000 | 1,809 | 30.9% |
| 178 COOK AVE | 2026-06 | $255,000 | 1,665 | 27.8% |
| 14 HILLCREST AVE | 2025-12 | $196,000 | 1,649 | 32.5% |
| 334 CRAVEN AVE | 2025-10 | $116,000 | 1,843 | 69.1% |
Is this your house?
Run your own report →