The Fair Share Report

30 E Charles 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.

Step 1 · Market value

≈ $283,727

Likely range $237,073 – $302,329, from 12 comparable Palmyra sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

54.58%

The state's official measure of how far Palmyra assessments sit below market value — republished every October, applied town-wide. A $283,727 home should be assessed near $154,858.

Step 3 · Assessed value

$179,100

Set at the last town-wide revaluation and mostly frozen since. That's $24,242 above what the ratio math suggests (15.7%).

Step 4 · The tax rate — same for every Palmyra home

$4.588 per $100 assessed

$2.549 Schools · 56% $0.578 County · 13% $1.461 Town · 32%

Step 5 · The bill

$8,219/yr
Public schools$4,566
Burlington County$1,035
Town of Palmyra$2,617
Palmyra average$6,832

This home vs. every recent Palmyra sale · assessed ÷ market

Town median 48.9%
This home · 63.1%

37%81%

A touch high — worth watching

This home's ratio sits above most of Palmyra, but doesn't clear NJ's legal appeal line (62.77%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
726 PENNSYLVANIA AVE2026-03$360,0001,34448.1%
1503 LAKESIDE DRIVE2025-06$290,0001,30855.3%
111 TEMPLE BLVD2025-10$335,0001,30449.6%
4106 VESPER CIRCLE2026-04$275,0001,29251.5%
106 QUAY COURT2026-01$285,0001,29249.7%
3806 EBBTIDE LANE2025-04$285,0001,29249.7%
3603 EBBTIDE LANE2025-03$290,0001,29248.8%
3404 EBBTIDE LANE2026-04$317,0001,37649.9%
208 QUAY CT2025-02$282,0001,37656.1%
4601 VESPER CIRCLE2025-10$265,0001,27759.4%
2126 HARBOUR DRIVE2026-02$239,0001,42657.7%
3059 HARBOUR DRIVE2026-01$265,0001,42652.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →