The Fair Share Report
31 E Henry 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 $160,320 – $276,055, 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 $224,991 home should be assessed near $122,800.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,100 below what the ratio math suggests (14.7%).
Step 4 · The tax rate — same for every Palmyra home
$2.549 Schools · 56% $0.578 County · 13% $1.461 Town · 32%
This home's own bill implies $4.350 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Palmyra sale · assessed ÷ market
32%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 |
|---|---|---|---|---|
| 206-208 MARKET ST | 2025-09 | $150,000 | — | 10.8% |
| 281 ARCH ST | 2026-01 | $415,000 | 988 | 24.6% |
| 321 LECONEY AVE | 2025-11 | $157,000 | 1,224 | 68.6% |
| 600 LEGION AVE | 2025-01 | $250,000 | 984 | 44.8% |
| 911 HIGHLAND AVE | 2026-01 | $309,900 | 1,046 | 45.6% |
| 223 TEMPLE BLVD | 2025-10 | $362,000 | 1,092 | 46.8% |
| 407 GARFIELD AVE | 2025-09 | $300,000 | 1,268 | 44.5% |
| 103 W CHARLES ST | 2025-07 | $290,000 | 1,120 | 54.1% |
| 1038 HARBOUR DRIVE | 2026-05 | $141,000 | 1,056 | 71.3% |
| 1100 HARBOUR DRIVE | 2026-05 | $175,000 | 1,056 | 57.5% |
| 3016 HARBOUR DRIVE | 2026-05 | $224,900 | 1,056 | 44.7% |
| 2061 HARBOUR DRIVE | 2026-05 | $230,000 | 1,056 | 44.6% |
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