The Fair Share Report
85 Arch 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 $243,229 – $339,725, from 12 comparable Palmyra 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 Palmyra assessments sit below market value — republished every October, applied town-wide. A $296,147 home should be assessed near $161,637.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,037 below what the ratio math suggests (26.0%).
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
30%72%
Paying about right
This home's ratio lands inside Palmyra'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 |
|---|---|---|---|---|
| 502 W 2ND ST | 2025-09 | $350,000 | 952 | 51.7% |
| 525 FRONT ST | 2026-02 | $272,000 | 1,040 | 53.2% |
| 941 CINNAMINSON AVE | 2025-04 | $327,000 | 1,080 | 48.2% |
| 320 W 5TH ST | 2025-01 | $295,000 | 1,204 | 55.1% |
| 911 HIGHLAND AVE | 2026-01 | $309,900 | 1,046 | 45.6% |
| 223 TEMPLE BLVD | 2025-10 | $362,000 | 1,092 | 46.8% |
| 128 MARYLAND AVE | 2025-06 | $331,000 | 1,040 | 47.2% |
| 417 VETERANS DRIVE | 2025-07 | $345,000 | 912 | 51.2% |
| 417 VETERANS DRIVE | 2025-04 | $220,000 | 912 | 80.3% |
| 417 VETERANS DRIVE | 2025-03 | $210,000 | 912 | 84.1% |
| 708 HIGHLAND AVE | 2025-04 | $335,000 | 1,164 | 47.1% |
| 506 W BROAD ST | 2026-03 | $145,000 | 982 | 105.0% |
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