The Fair Share Report
5809 Riverfront Dr
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 $312,960 – $360,235, 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 $327,786 home should be assessed near $178,906.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,306 below what the ratio math suggests (9.1%).
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
37%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 |
|---|---|---|---|---|
| 5409 RIVERFRONT DRIVE | 2026-01 | $362,500 | 1,549 | 44.9% |
| 5201 RIVERFRONT DR | 2025-06 | $363,000 | 1,500 | 46.6% |
| 6602 RIVERFRONT DRIVE | 2025-04 | $305,122 | 1,584 | 50.8% |
| 3404 EBBTIDE LANE | 2026-04 | $317,000 | 1,376 | 49.9% |
| 208 QUAY CT | 2025-02 | $282,000 | 1,376 | 56.1% |
| 6008 RIVERFRONT DRIVE | 2025-11 | $365,000 | 1,736 | 50.4% |
| 5407 RIVERFRONT DRIVE | 2025-02 | $355,600 | 1,736 | 52.0% |
| 7601 JUNIPER LANE | 2026-04 | $325,000 | 1,778 | 63.1% |
| 6301 RIVERFRONT DRIVE | 2025-10 | $319,999 | 1,778 | 63.5% |
| 6501 RIVERFRONT DRIVE | 2025-01 | $365,000 | 1,778 | 60.2% |
| 1503 LAKESIDE DRIVE | 2025-06 | $290,000 | 1,308 | 55.3% |
| 4106 VESPER CIRCLE | 2026-04 | $275,000 | 1,292 | 51.5% |
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