The Fair Share Report
416 E Broadway
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 $114,185 – $235,853, 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 $173,198 home should be assessed near $86,287.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,887 below what the ratio math suggests (45.1%).
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
15%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 |
|---|---|---|---|---|
| 33 JOHNSON ST | 2025-09 | $185,000 | 1,898 | 34.6% |
| 26 OLIVE ST | 2026-03 | $200,000 | 2,164 | 27.2% |
| 14 HILLCREST AVE | 2025-12 | $196,000 | 1,649 | 32.5% |
| 334 CRAVEN AVE | 2025-10 | $116,000 | 1,843 | 69.1% |
| 67 EIGHTH ST | 2025-12 | $210,000 | 1,857 | 22.1% |
| 293 PEARL ST | 2025-06 | $210,000 | 1,792 | 25.1% |
| 220 JOHNSON ST | 2025-12 | $110,000 | 1,592 | 54.2% |
| 183 CROSSLAND AVE | 2025-12 | $130,000 | 1,713 | 45.2% |
| 207 NINTH ST | 2025-10 | $230,000 | 1,562 | 26.2% |
| 207 NINTH ST | 2025-01 | $90,000 | 1,562 | 67.0% |
| 175 NINTH ST | 2026-04 | $195,000 | 1,776 | 30.1% |
| 200 N UNION ST | 2026-04 | $207,500 | 1,686 | 28.9% |
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