The Fair Share Report
84 Eighth 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 $114,357 – $234,963, 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 $153,143 home should be assessed near $76,296.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,096 below what the ratio math suggests (36.8%).
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
15%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 |
|---|---|---|---|---|
| 293 PEARL ST | 2025-06 | $210,000 | 1,792 | 25.1% |
| 67 EIGHTH ST | 2025-12 | $210,000 | 1,857 | 22.1% |
| 91 SEVENTH ST | 2025-02 | $142,000 | 1,809 | 30.9% |
| 200 N UNION ST | 2026-04 | $207,500 | 1,686 | 28.9% |
| 200 N UNION ST | 2025-11 | $115,000 | 1,686 | 52.2% |
| 304 E BROADWAY | 2025-06 | $134,000 | 1,596 | 38.6% |
| 334 CRAVEN AVE | 2025-10 | $116,000 | 1,843 | 69.1% |
| 220 JOHNSON ST | 2025-12 | $110,000 | 1,592 | 54.2% |
| 33 JOHNSON ST | 2025-09 | $185,000 | 1,898 | 34.6% |
| 210 WESLEY ST | 2026-01 | $105,000 | 1,795 | 47.6% |
| 14 HILLCREST AVE | 2025-12 | $196,000 | 1,649 | 32.5% |
| 31 UNION ST | 2025-07 | $200,000 | — | 19.7% |
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