The Fair Share Report
518 Maple Ave
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 $232,198 – $365,585, 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 $279,456 home should be assessed near $152,527.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,727 below what the ratio math suggests (12.3%).
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
31%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 |
|---|---|---|---|---|
| 308 W 3RD ST | 2026-02 | $380,000 | 1,476 | 33.2% |
| 637 GARFIELD AVE | 2025-08 | $410,000 | 1,331 | 41.0% |
| 814 MORGAN AVE | 2025-08 | $320,000 | 1,296 | 37.6% |
| 12 E CHARLES ST | 2025-08 | $355,000 | 1,660 | 38.6% |
| 314 LECONEY AVE | 2025-12 | $170,000 | 1,810 | 90.7% |
| 314 LECONEY AVE | 2025-12 | $225,000 | 1,810 | 68.5% |
| 632 HIGHLAND AVE | 2025-11 | $336,000 | 1,136 | 44.7% |
| 606 HIGHLAND AVE | 2025-06 | $260,000 | 1,176 | 55.3% |
| 808 WALNUT ST | 2025-02 | $237,100 | 1,248 | 80.4% |
| 923 GARFIELD AVENUE | 2026-01 | $322,500 | 1,161 | 43.3% |
| 4601 VESPER CIRCLE | 2025-10 | $265,000 | 1,277 | 59.4% |
| 25 W SPRING GARDEN ST | 2025-06 | $389,000 | 1,352 | 44.6% |
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