The Fair Share Report
7 Oak Ln
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 $282,259 – $348,800, from 12 comparable Palmyra sales in the past 18 months, at this home's 1,152 sq ft.
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 $320,000 home should be assessed near $174,656.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,144 above what the ratio math suggests (9.2%).
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%73%
A touch high — worth watching
This home's ratio sits above most of Palmyra, but doesn't clear NJ's legal appeal line (62.77%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 923 GARFIELD AVENUE | 2026-01 | $322,500 | 1,161 | 43.3% |
| 708 HIGHLAND AVE | 2025-04 | $335,000 | 1,164 | 47.1% |
| 941 CINNAMINSON AVE | 2025-04 | $327,000 | 1,080 | 48.2% |
| 320 W 5TH ST | 2025-01 | $295,000 | 1,204 | 55.1% |
| 126 LECONEY CIRCLE | 2025-09 | $350,000 | 1,188 | 42.6% |
| 808 WALNUT ST | 2025-02 | $237,100 | 1,248 | 80.4% |
| 103 W CHARLES ST | 2025-07 | $290,000 | 1,120 | 54.1% |
| 223 TEMPLE BLVD | 2025-10 | $362,000 | 1,092 | 46.8% |
| 416 W HENRY STREET | 2025-04 | $320,000 | 1,208 | 47.0% |
| 303 W HENRY STREET | 2025-02 | $345,000 | 1,068 | 45.8% |
| 480 W FRONT ST | 2026-02 | $255,000 | 1,312 | 44.3% |
| 128 MARYLAND AVE | 2025-06 | $331,000 | 1,040 | 47.2% |
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