The Fair Share Report
244 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 $169,151 – $307,362, from 12 comparable Salem sales in the past 18 months, at this home's 3,536 sq ft.
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 $213,871 home should be assessed near $106,551.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,351 below what the ratio math suggests (89.5%).
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
0%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Salem pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 300 E BROADWAY | 2026-01 | $210,000 | 3,472 | 31.8% |
| 107-109 SEVENTH ST | 2025-01 | $85,000 | 3,900 | 61.4% |
| 204-206 WESLEY ST | 2025-07 | $180,000 | 2,572 | 29.9% |
| 354 GRANT ST | 2026-01 | $342,400 | 3,858 | 31.6% |
| 5&7 VAN METER TERRACE | 2025-02 | $180,000 | 3,388 | 45.3% |
| 52 MARKET ST | 2026-01 | $150,000 | 3,135 | 41.0% |
| 217-219 CHURCH ST | 2025-08 | $196,100 | 2,256 | 31.6% |
| 284 & 286 GRANT ST | 2025-06 | $275,000 | 3,052 | 24.6% |
| 162 SEVENTH ST | 2025-11 | $140,000 | 2,061 | 27.1% |
| 46 WALNUT ST | 2025-01 | $100,000 | 2,596 | 54.9% |
| 217-219 CHURCH ST | 2025-07 | $177,500 | 2,256 | 27.8% |
| 236 GRANT ST | 2025-11 | $115,000 | 2,404 | 38.9% |
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