The Fair Share Report
7 Delaware Dr
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 $102,059 – $215,888, from 12 comparable Salem sales in the past 18 months, at this home's 1,388 sq ft.
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 $136,359 home should be assessed near $67,934.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,666 above what the ratio math suggests (26.0%).
Step 4 · The tax rate — same for every Salem home
$2.297 Schools · 27% $2.023 County · 23% $4.308 Town · 50%
This home's own bill implies $8.336 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Salem sale · assessed ÷ market
19%89%
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 |
|---|---|---|---|---|
| 201 CHESTNUT ST | 2026-05 | $225,000 | 1,308 | 28.2% |
| 201 CHESTNUT ST | 2025-12 | $128,500 | 1,308 | 49.3% |
| 197 PINE AVE | 2026-04 | $205,000 | 1,318 | 35.6% |
| 179 VICTORY AVE | 2025-06 | $125,000 | 1,449 | 40.1% |
| 140 WALNUT ST | 2025-05 | $60,000 | 1,344 | 56.7% |
| 438 AFTON DR | 2025-11 | $174,000 | 1,400 | 19.6% |
| 438 AFTON DR | 2025-03 | $50,000 | 1,400 | 68.2% |
| 190 CHESTNUT ST | 2025-05 | $215,000 | 1,581 | 26.8% |
| 447 AFTON DR | 2025-06 | $129,900 | 1,518 | 22.8% |
| 453 AFTON DR | 2025-10 | $110,000 | 1,496 | 31.6% |
| 251 CHESTNUT ST | 2025-12 | $209,000 | 1,176 | 26.1% |
| 336 ALLEN AVE | 2025-01 | $124,500 | 1,384 | 46.3% |
Is this your house?
Run your own report →