The Fair Share Report
76 Walnut 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 $82,467 – $137,188, 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 $94,774 home should be assessed near $47,216.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,916 below what the ratio math suggests (25.2%).
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
19%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 |
|---|---|---|---|---|
| 10-10 1/2 WALNUT ST | 2025-12 | $150,000 | — | 57.2% |
| 272 E BROADWAY | 2026-05 | $65,000 | 1,500 | 74.3% |
| 189 WESLEY ST | 2025-09 | $110,000 | 1,464 | 33.3% |
| 189 WESLEY ST | 2025-02 | $63,000 | 1,464 | 58.1% |
| 91 SEVENTH ST | 2025-02 | $142,000 | 1,809 | 30.9% |
| 210 WESLEY ST | 2026-01 | $105,000 | 1,795 | 47.6% |
| 304 E BROADWAY | 2025-06 | $134,000 | 1,596 | 38.6% |
| 210 SMITH ST | 2025-02 | $80,000 | 1,378 | 48.4% |
| 220 JOHNSON ST | 2025-12 | $110,000 | 1,592 | 54.2% |
| 120 THOMPSON ST | 2026-06 | $85,000 | 1,348 | 40.0% |
| 293 PEARL ST | 2025-06 | $210,000 | 1,792 | 25.1% |
| 75 WALNUT ST | 2025-03 | $75,000 | 1,316 | 46.3% |
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