The Fair Share Report
342 E Broadway
Salem, NJ 08070
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 $84,128 – $185,664, from 12 comparable Salem sales in the past 18 months, at this home's 1,344 sq ft.
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 $97,008 home should be assessed near $48,329.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,029 below what the ratio math suggests (31.1%).
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
12%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 |
|---|---|---|---|---|
| 51 S THIRD ST | 2025-09 | $210,000 | 1,348 | 21.4% |
| 352 ALLEN AVE | 2025-12 | $225,000 | 1,460 | 20.9% |
| 352 ALLEN AVE | 2025-08 | $105,000 | 1,460 | 44.8% |
| 31 EIGHTH ST | 2026-05 | $180,000 | 1,303 | 21.3% |
| 155 SEVENTH ST | 2025-10 | $110,000 | 1,524 | 39.7% |
| 310 MORRISON AVE | 2025-06 | $50,000 | 1,380 | 107.0% |
| 304 NEW MARKET ST | 2025-01 | $82,000 | 1,310 | 59.1% |
| 28 SEVENTH ST | 2026-02 | $60,000 | 1,310 | 47.3% |
| 336 ALLEN AVE | 2025-01 | $124,500 | 1,384 | 46.3% |
| 200 SMITH ST | 2025-08 | $140,000 | 1,212 | 25.5% |
| 220 JOHNSON ST | 2025-12 | $110,000 | 1,592 | 54.2% |
| 14 SEVENTH ST | 2025-09 | $70,000 | 1,176 | 38.9% |
Is this your house?
Run your own report →