The Fair Share Report
65 Union St
Salem, NJ 08079
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 $42,395 – $113,871, from 12 comparable Salem 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 Salem assessments sit below market value — republished every October, applied town-wide. A $55,482 home should be assessed near $27,641.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,541 below what the ratio math suggests (56.2%).
Step 4 · The tax rate — same for every Salem home
$2.297 Schools · 27% $2.023 County · 23% $4.308 Town · 50%
Step 5 · The bill
This home vs. every recent Salem sale · assessed ÷ market
5%74%
Paying about right
This home's ratio lands inside Salem'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 |
|---|---|---|---|---|
| 103 HUBBELL AVE | 2025-11 | $138,000 | 862 | 17.7% |
| 103 HUBBELL AVE | 2025-03 | $50,000 | 862 | 48.8% |
| 229 SINNICKSON ST | 2025-11 | $105,000 | 888 | 24.8% |
| 229 SINNICKSON ST | 2025-01 | $47,500 | 888 | 54.7% |
| 5 OLIVE ST | 2026-02 | $105,000 | 884 | 32.3% |
| 106 EIGHTH ST | 2025-03 | $25,000 | 1,170 | 78.8% |
| 233 SINNICKSON ST | 2025-07 | $41,250 | 1,032 | 60.9% |
| 31 UNION ST | 2025-07 | $200,000 | — | 19.7% |
| 142 WALNUT ST | 2025-05 | $55,000 | 1,003 | 68.4% |
| 91 YORKE ST | 2025-09 | $110,000 | 920 | 36.6% |
| 191 WESLEY ST | 2025-04 | $135,000 | 1,224 | 25.7% |
| 110 EIGHTH ST | 2025-09 | $80,000 | 1,204 | 32.8% |
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