The Fair Share Report
39 Oak 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 $121,203 – $163,723, from 12 comparable Salem sales in the past 18 months, at this home's 2,072 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 $145,008 home should be assessed near $72,243.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,743 below what the ratio math suggests (24.6%).
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 |
|---|---|---|---|---|
| 162 SEVENTH ST | 2025-11 | $140,000 | 2,061 | 27.1% |
| 171 SEVENTH ST | 2025-02 | $124,000 | 2,068 | 28.1% |
| 217-219 CHURCH ST | 2025-08 | $196,100 | 2,256 | 31.6% |
| 217-219 CHURCH ST | 2025-07 | $177,500 | 2,256 | 27.8% |
| 210 WESLEY ST | 2026-01 | $105,000 | 1,795 | 47.6% |
| 127 SEVENTH ST | 2025-04 | $170,000 | 2,256 | 29.0% |
| 67 EIGHTH ST | 2025-12 | $210,000 | 1,857 | 22.1% |
| 204-206 WESLEY ST | 2025-07 | $180,000 | 2,572 | 29.9% |
| 236 GRANT ST | 2025-11 | $115,000 | 2,404 | 38.9% |
| 91 SEVENTH ST | 2025-02 | $142,000 | 1,809 | 30.9% |
| 293 PEARL ST | 2025-06 | $210,000 | 1,792 | 25.1% |
| 194 SEVENTH ST | 2025-10 | $73,322 | 2,151 | 88.8% |
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