The Fair Share Report
355 E Broadway
Salem, NJ 08080
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 $52,138 – $91,642, 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 $80,129 home should be assessed near $39,920.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,520 below what the ratio math suggests (26.4%).
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 |
|---|---|---|---|---|
| 98 THOMPSON ST | 2025-09 | $80,000 | 1,318 | 35.6% |
| 96 THOMPSON ST | 2025-09 | $80,000 | 1,318 | 35.6% |
| 120 THOMPSON ST | 2026-06 | $85,000 | 1,348 | 40.0% |
| 189 WESLEY ST | 2025-09 | $110,000 | 1,464 | 33.3% |
| 189 WESLEY ST | 2025-02 | $63,000 | 1,464 | 58.1% |
| 6 WALNUT ST | 2026-04 | $70,000 | 1,764 | 65.7% |
| 75 WALNUT ST | 2025-03 | $75,000 | 1,316 | 46.3% |
| 116 EIGHTH ST | 2025-08 | $61,000 | 1,444 | 47.0% |
| 191 WESLEY ST | 2025-04 | $135,000 | 1,224 | 25.7% |
| 272 E BROADWAY | 2026-05 | $65,000 | 1,500 | 74.3% |
| 438 AFTON DR | 2025-11 | $174,000 | 1,400 | 19.6% |
| 438 AFTON DR | 2025-03 | $50,000 | 1,400 | 68.2% |
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