The Fair Share Report
36 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 $79,187 – $139,715, from 12 comparable Salem sales in the past 18 months, at this home's 1,364 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 $102,486 home should be assessed near $51,059.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,659 below what the ratio math suggests (3.2%).
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
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 |
|---|---|---|---|---|
| 31 UNION ST | 2025-07 | $200,000 | — | 19.7% |
| 10-10 1/2 WALNUT ST | 2025-12 | $150,000 | — | 57.2% |
| 210 SMITH ST | 2025-02 | $80,000 | 1,378 | 48.4% |
| 304 NEW MARKET ST | 2025-01 | $82,000 | 1,310 | 59.1% |
| 120 THOMPSON ST | 2026-06 | $85,000 | 1,348 | 40.0% |
| 75 WALNUT ST | 2025-03 | $75,000 | 1,316 | 46.3% |
| 28 CHESTNUT ST | 2025-08 | $118,000 | 1,152 | 36.0% |
| 7 DELAWARE DR | 2025-08 | $230,000 | 1,388 | 37.2% |
| 51 S THIRD ST | 2025-09 | $210,000 | 1,348 | 21.4% |
| 272 E BROADWAY | 2026-05 | $65,000 | 1,500 | 74.3% |
| 304 E BROADWAY | 2025-06 | $134,000 | 1,596 | 38.6% |
| 189 WESLEY ST | 2025-09 | $110,000 | 1,464 | 33.3% |
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