The Fair Share Report
4 Delaware Dr
Salem, NJ 08079
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Salem's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $121,463 – $242,202, from 12 comparable Salem sales in the past 18 months, at this home's 1,408 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 $184,823 home should be assessed near $92,079.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,679 below what the ratio math suggests (10.5%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 363 GRANT ST | 2026-06 | $250,000 | 1,424 | 28.4% |
| 7 DELAWARE DR | 2025-08 | $230,000 | 1,388 | 37.2% |
| 90 YORKE ST | 2026-04 | $130,000 | 1,308 | 53.1% |
| 197 PINE AVE | 2026-04 | $205,000 | 1,318 | 35.6% |
| 210 SMITH ST | 2025-02 | $80,000 | 1,378 | 48.4% |
| 188 COOK AVE | 2025-07 | $95,000 | 1,305 | 46.5% |
| 251 CHESTNUT ST | 2025-12 | $209,000 | 1,176 | 26.1% |
| 201 CHESTNUT ST | 2026-05 | $225,000 | 1,308 | 28.2% |
| 201 CHESTNUT ST | 2025-12 | $128,500 | 1,308 | 49.3% |
| 164 N UNION ST | 2025-09 | $199,000 | 1,516 | 35.6% |
| 5 MEADOWSIDE LANE | 2025-08 | $10,000 | — | 108.0% |
| 179 VICTORY AVE | 2025-06 | $125,000 | 1,449 | 40.1% |
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