The Fair Share Report
329 Morrison Ave
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 $119,876 – $247,185, from 12 comparable Salem 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 Salem assessments sit below market value — republished every October, applied town-wide. A $191,111 home should be assessed near $95,212.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,912 below what the ratio math suggests (30.4%).
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
19%74%
Paying about right
This home's ratio lands inside Salem'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 |
|---|---|---|---|---|
| 26 OLIVE ST | 2026-03 | $200,000 | 2,164 | 27.2% |
| 175 NINTH ST | 2026-04 | $195,000 | 1,776 | 30.1% |
| 33 JOHNSON ST | 2025-09 | $185,000 | 1,898 | 34.6% |
| 10 DAVIS AVE | 2026-02 | $249,900 | 2,361 | 29.8% |
| 334 CRAVEN AVE | 2025-10 | $116,000 | 1,843 | 69.1% |
| 178 COOK AVE | 2026-06 | $255,000 | 1,665 | 27.8% |
| 127 SEVENTH ST | 2025-04 | $170,000 | 2,256 | 29.0% |
| 194 SEVENTH ST | 2025-10 | $73,322 | 2,151 | 88.8% |
| 168 COOK AVE | 2025-09 | $275,000 | 2,720 | 25.3% |
| 297 PEARL ST | 2025-09 | $212,500 | 2,444 | 23.1% |
| 236 CHURCH ST | 2025-01 | $50,000 | 2,394 | 38.6% |
| 183 CROSSLAND AVE | 2025-12 | $130,000 | 1,713 | 45.2% |
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