The Fair Share Report
613 Walnut 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 $288,840 – $410,294, 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 $357,174 home should be assessed near $194,946.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,054 above what the ratio math suggests (4.1%).
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%76%
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 |
|---|---|---|---|---|
| 102 LECONEY CIRCLE | 2025-11 | $410,000 | 1,504 | 48.1% |
| 106 LECONEY CIRCLE | 2025-09 | $385,000 | 1,576 | 41.5% |
| 300 MORGAN AVE | 2026-02 | $385,000 | 1,771 | 52.7% |
| 51 ARCH ST | 2026-05 | $165,000 | 1,592 | 93.9% |
| 400 CLEVELAND AVE | 2026-01 | $380,000 | 1,864 | 51.9% |
| 726 PENNSYLVANIA AVE | 2026-03 | $360,000 | 1,344 | 48.1% |
| 832 CINNAMINSON AVE | 2025-12 | $400,000 | 1,808 | 48.1% |
| 810 LINCOLN AVE | 2025-01 | $520,000 | 1,916 | 48.9% |
| 118 LECONEY CIRCLE | 2026-03 | $200,000 | 2,064 | 84.1% |
| 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% |
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