The Fair Share Report
2 Oregon Ave
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 $236,998 – $379,159, 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 $333,958 home should be assessed near $182,274.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,174 below what the ratio math suggests (17.7%).
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
34%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 |
|---|---|---|---|---|
| 726 PENNSYLVANIA AVE | 2026-03 | $360,000 | 1,344 | 48.1% |
| 111 TEMPLE BLVD | 2025-10 | $335,000 | 1,304 | 49.6% |
| 126 LECONEY CIRCLE | 2025-09 | $350,000 | 1,188 | 42.6% |
| 217 W FRONT ST | 2025-04 | $360,000 | 1,481 | 52.4% |
| 808 WALNUT ST | 2025-02 | $237,100 | 1,248 | 80.4% |
| 102 LECONEY CIRCLE | 2025-11 | $410,000 | 1,504 | 48.1% |
| 320 W 5TH ST | 2025-01 | $295,000 | 1,204 | 55.1% |
| 223 TEMPLE BLVD | 2025-10 | $362,000 | 1,092 | 46.8% |
| 905 PARK AVE | 2025-09 | $370,000 | 1,364 | 49.6% |
| 51 ARCH ST | 2026-05 | $165,000 | 1,592 | 93.9% |
| 708 HIGHLAND AVE | 2025-04 | $335,000 | 1,164 | 47.1% |
| 2126 HARBOUR DRIVE | 2026-02 | $239,000 | 1,426 | 57.7% |
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