The Fair Share Report
41 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 $97,234 – $267,477, 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 $219,282 home should be assessed near $109,246.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,446 below what the ratio math suggests (32.4%).
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%81%
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 |
|---|---|---|---|---|
| 10 DELAWARE DR | 2026-05 | $342,500 | 2,392 | 37.2% |
| 167 COOK AVE | 2025-12 | $110,000 | 1,849 | 54.5% |
| 168 COOK AVE | 2025-09 | $275,000 | 2,720 | 25.3% |
| 297 PEARL ST | 2025-09 | $212,500 | 2,444 | 23.1% |
| 326 E BROADWAY | 2025-05 | $130,000 | 2,544 | 41.8% |
| 26 OLIVE ST | 2026-03 | $200,000 | 2,164 | 27.2% |
| 236 CHURCH ST | 2025-01 | $50,000 | 2,394 | 38.6% |
| 175 NINTH ST | 2026-04 | $195,000 | 1,776 | 30.1% |
| 10 DAVIS AVE | 2026-02 | $249,900 | 2,361 | 29.8% |
| 284 & 286 GRANT ST | 2025-06 | $275,000 | 3,052 | 24.6% |
| 334 CRAVEN AVE | 2025-10 | $116,000 | 1,843 | 69.1% |
| 77 W BROADWAY | 2025-10 | $165,000 | 2,841 | 48.1% |
Is this your house?
Run your own report →