The Fair Share Report
5 Front St
Palmyra, NJ 08065
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 $199,684 – $369,756, from 12 comparable Palmyra 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 Palmyra assessments sit below market value — republished every October, applied town-wide. A $252,714 home should be assessed near $137,931.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,631 below what the ratio math suggests (34.5%).
Step 4 · The tax rate — same for every Palmyra home
$2.549 Schools · 56% $0.578 County · 13% $1.461 Town · 32%
Step 5 · The bill
This home vs. every recent Palmyra sale · assessed ÷ market
19%72%
Paying about right
This home's ratio lands inside Palmyra'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 |
|---|---|---|---|---|
| 281 ARCH ST | 2026-01 | $415,000 | 988 | 24.6% |
| 105 LECONEY CIRCLE | 2025-10 | $330,000 | 920 | 44.5% |
| 600 LEGION AVE | 2025-01 | $250,000 | 984 | 44.8% |
| 223 TEMPLE BLVD | 2025-10 | $362,000 | 1,092 | 46.8% |
| 113 MARYLAND AVE | 2025-05 | $319,900 | 832 | 48.9% |
| 126 LECONEY CIRCLE | 2025-09 | $350,000 | 1,188 | 42.6% |
| 509 ORCHARD AVE | 2025-06 | $249,000 | 816 | 43.2% |
| 509 ORCHARD AVE | 2025-03 | $174,400 | 816 | 61.7% |
| 103 W CHARLES ST | 2025-07 | $290,000 | 1,120 | 54.1% |
| 321 LECONEY AVE | 2025-11 | $157,000 | 1,224 | 68.6% |
| 1038 HARBOUR DRIVE | 2026-05 | $141,000 | 1,056 | 71.3% |
| 1100 HARBOUR DRIVE | 2026-05 | $175,000 | 1,056 | 57.5% |
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