The Fair Share Report
94 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 $106,659 – $195,179, 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 $133,485 home should be assessed near $66,502.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,002 below what the ratio math suggests (18.0%).
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 |
|---|---|---|---|---|
| 194 SEVENTH ST | 2025-10 | $73,322 | 2,151 | 88.8% |
| 91 SEVENTH ST | 2025-02 | $142,000 | 1,809 | 30.9% |
| 334 CRAVEN AVE | 2025-10 | $116,000 | 1,843 | 69.1% |
| 293 PEARL ST | 2025-06 | $210,000 | 1,792 | 25.1% |
| 167 COOK AVE | 2025-12 | $110,000 | 1,849 | 54.5% |
| 414 GRIEVES PARKWAY | 2026-05 | $85,000 | 1,976 | 78.0% |
| 210 WESLEY ST | 2026-01 | $105,000 | 1,795 | 47.6% |
| 284 & 286 GRANT ST | 2025-06 | $275,000 | 3,052 | 24.6% |
| 67 EIGHTH ST | 2025-12 | $210,000 | 1,857 | 22.1% |
| 210 SMITH ST | 2025-02 | $80,000 | 1,378 | 48.4% |
| 200 N UNION ST | 2026-04 | $207,500 | 1,686 | 28.9% |
| 200 N UNION ST | 2025-11 | $115,000 | 1,686 | 52.2% |
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