The Fair Share Report
369 E Broadway
Salem, NJ 08094
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 $42,665 – $146,749, 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 $73,488 home should be assessed near $36,612.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,512 below what the ratio math suggests (47.8%).
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
8%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 |
|---|---|---|---|---|
| 106 EIGHTH ST | 2025-03 | $25,000 | 1,170 | 78.8% |
| 14 SEVENTH ST | 2025-09 | $70,000 | 1,176 | 38.9% |
| 286 MORRISON AVE | 2026-05 | $35,000 | 1,176 | 108.0% |
| 284 MORRISON AVE | 2026-05 | $155,000 | 1,176 | 28.4% |
| 110 EIGHTH ST | 2025-09 | $80,000 | 1,204 | 32.8% |
| 112 EIGHTH ST | 2025-09 | $80,000 | 1,204 | 35.1% |
| 24 ELM ST | 2026-02 | $65,000 | 1,044 | 50.0% |
| 191 WESLEY ST | 2025-04 | $135,000 | 1,224 | 25.7% |
| 200 SMITH ST | 2025-08 | $140,000 | 1,212 | 25.5% |
| 31 EIGHTH ST | 2026-05 | $180,000 | 1,303 | 21.3% |
| 208 NINTH ST | 2026-05 | $224,000 | 1,149 | 25.0% |
| 28 SEVENTH ST | 2026-02 | $60,000 | 1,310 | 47.3% |
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