The Fair Share Report
218 E 4th 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 $362,185 – $465,798, from 12 comparable Palmyra sales in the past 18 months, at this home's 2,106 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 $421,091 home should be assessed near $229,831.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,431 below what the ratio math suggests (3.7%).
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
37%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 |
|---|---|---|---|---|
| 6008 RIVERFRONT DRIVE | 2025-11 | $365,000 | 1,736 | 50.4% |
| 5407 RIVERFRONT DRIVE | 2025-02 | $355,600 | 1,736 | 52.0% |
| 6304 RIVERFRONT DRIVE | 2026-05 | $315,000 | 1,932 | 53.8% |
| 8103 CYPRESS CT | 2026-04 | $315,000 | 1,932 | 53.8% |
| 7505 JUNIPER LANE | 2025-05 | $342,000 | 1,932 | 45.6% |
| 7504 JUNIPER LANE | 2025-04 | $333,000 | 1,932 | 50.9% |
| 8102 CYPRESS CT | 2025-03 | $340,000 | 1,932 | 49.9% |
| 5409 RIVERFRONT DRIVE | 2026-01 | $362,500 | 1,549 | 44.9% |
| 419 LECONEY AVE | 2026-02 | $470,000 | 2,125 | 46.2% |
| 118 LECONEY CIRCLE | 2026-03 | $200,000 | 2,064 | 84.1% |
| 5201 RIVERFRONT DR | 2025-06 | $363,000 | 1,500 | 46.6% |
| 810 MORGAN AVE | 2025-12 | $387,500 | 1,938 | 38.8% |
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