The Fair Share Report
708 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 $222,633 – $269,254, from 12 comparable Palmyra sales in the past 18 months, at this home's 1,275 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 $247,809 home should be assessed near $135,254.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,346 above what the ratio math suggests (12.1%).
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%74%
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 |
|---|---|---|---|---|
| 601 W 6TH ST | 2025-05 | $360,000 | 1,176 | 42.1% |
| 416 W HENRY STREET | 2025-04 | $320,000 | 1,208 | 47.0% |
| 126 LECONEY CIRCLE | 2025-09 | $350,000 | 1,188 | 42.6% |
| 480 W FRONT ST | 2026-02 | $255,000 | 1,312 | 44.3% |
| 2126 HARBOUR DRIVE | 2026-02 | $239,000 | 1,426 | 57.7% |
| 3059 HARBOUR DRIVE | 2026-01 | $265,000 | 1,426 | 52.1% |
| 1107 HARBOUR DRIVE | 2025-12 | $249,000 | 1,426 | 55.4% |
| 2052 HARBOUR DRIVE | 2025-12 | $262,000 | 1,426 | 51.6% |
| 1130 HARBOUR DRIVE | 2025-09 | $210,000 | 1,426 | 64.3% |
| 2054 HARBOUR DRIVE | 2025-08 | $242,000 | 1,426 | 57.3% |
| 2001 HARBOUR DRIVE | 2025-07 | $260,000 | 1,426 | 53.1% |
| 2147 HARBOUR DRIVE | 2026-05 | $225,000 | 1,136 | 48.9% |
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