The Fair Share Report
601 Arch 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 $286,916 – $358,937, 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 $319,722 home should be assessed near $174,504.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,404 below what the ratio math suggests (36.3%).
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
26%72%
Keep quiet and enjoy it
This home's assessment ratio sits below the Palmyra pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 103 W CHARLES ST | 2025-07 | $290,000 | 1,120 | 54.1% |
| 126 LECONEY CIRCLE | 2025-09 | $350,000 | 1,188 | 42.6% |
| 923 GARFIELD AVENUE | 2026-01 | $322,500 | 1,161 | 43.3% |
| 600 LEGION AVE | 2025-01 | $250,000 | 984 | 44.8% |
| 223 TEMPLE BLVD | 2025-10 | $362,000 | 1,092 | 46.8% |
| 480 W FRONT ST | 2026-02 | $255,000 | 1,312 | 44.3% |
| 416 W HENRY STREET | 2025-04 | $320,000 | 1,208 | 47.0% |
| 601 W 6TH ST | 2025-05 | $360,000 | 1,176 | 42.1% |
| 708 HIGHLAND AVE | 2025-04 | $335,000 | 1,164 | 47.1% |
| 281 ARCH ST | 2026-01 | $415,000 | 988 | 24.6% |
| 941 CINNAMINSON AVE | 2025-04 | $327,000 | 1,080 | 48.2% |
| 905 PARK AVE | 2025-09 | $370,000 | 1,364 | 49.6% |
Is this your house?
Run your own report →