The Fair Share Report
321 E Broad St
Palmyra, NJ 08077
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 $255,902 – $313,189, 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 $276,397 home should be assessed near $150,857.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,343 above what the ratio math suggests (6.9%).
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 |
|---|---|---|---|---|
| 808 WALNUT ST | 2025-02 | $237,100 | 1,248 | 80.4% |
| 407 GARFIELD AVE | 2025-09 | $300,000 | 1,268 | 44.5% |
| 4801 VESPER CIRCLE | 2025-08 | $255,000 | 1,232 | 47.9% |
| 4601 VESPER CIRCLE | 2025-10 | $265,000 | 1,277 | 59.4% |
| 321 LECONEY AVE | 2025-11 | $157,000 | 1,224 | 68.6% |
| 4106 VESPER CIRCLE | 2026-04 | $275,000 | 1,292 | 51.5% |
| 106 QUAY COURT | 2026-01 | $285,000 | 1,292 | 49.7% |
| 3806 EBBTIDE LANE | 2025-04 | $285,000 | 1,292 | 49.7% |
| 3603 EBBTIDE LANE | 2025-03 | $290,000 | 1,292 | 48.8% |
| 814 MORGAN AVE | 2025-08 | $320,000 | 1,296 | 37.6% |
| 416 W HENRY STREET | 2025-04 | $320,000 | 1,208 | 47.0% |
| 320 W 5TH ST | 2025-01 | $295,000 | 1,204 | 55.1% |
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