The Fair Share Report
34 Eighth St
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 $79,833 – $205,672, 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 $115,184 home should be assessed near $57,385.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,885 below what the ratio math suggests (24.2%).
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
16%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 |
|---|---|---|---|---|
| 14 HILLCREST AVE | 2025-12 | $196,000 | 1,649 | 32.5% |
| 164 N UNION ST | 2025-09 | $199,000 | 1,516 | 35.6% |
| 18 MARKET ST | 2026-04 | $235,870 | 1,546 | 25.0% |
| 210 SMITH ST | 2025-02 | $80,000 | 1,378 | 48.4% |
| 116 EIGHTH ST | 2025-08 | $61,000 | 1,444 | 47.0% |
| 272 E BROADWAY | 2026-05 | $65,000 | 1,500 | 74.3% |
| 155 SEVENTH ST | 2025-10 | $110,000 | 1,524 | 39.7% |
| 304 E BROADWAY | 2025-06 | $134,000 | 1,596 | 38.6% |
| 90 YORKE ST | 2026-04 | $130,000 | 1,308 | 53.1% |
| 200 N UNION ST | 2026-04 | $207,500 | 1,686 | 28.9% |
| 200 N UNION ST | 2025-11 | $115,000 | 1,686 | 52.2% |
| 189 WESLEY ST | 2025-09 | $110,000 | 1,464 | 33.3% |
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