The Fair Share Report
10 Edwin Pl
Newark, NJ 07203
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 $500,964 – $662,954, from 12 comparable Newark 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 Newark assessments sit below market value — republished every October, applied town-wide. A $578,936 home should be assessed near $235,569.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $102,469 below what the ratio math suggests (43.5%).
Step 4 · The tax rate — same for every Newark home
$1.162 Schools · 29% $0.519 County · 13% $2.318 Town · 58%
Step 5 · The bill
This home vs. every recent Newark sale · assessed ÷ market
15%58%
Keep quiet and enjoy it
This home's assessment ratio sits below the Newark pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 458 N 6TH ST | 2025-05 | $670,000 | 1,800 | 16.5% |
| 240 WEST END AVE | 2026-03 | $290,000 | 1,785 | 47.4% |
| 274 ELLERY AVE | 2026-04 | $492,500 | 1,724 | 30.1% |
| 139-141 PINE GROVE TER | 2025-07 | $450,000 | 1,691 | 27.2% |
| 680 N 8TH ST | 2025-09 | $600,000 | 1,880 | 24.9% |
| 48-50 IVY ST | 2025-10 | $575,000 | 1,774 | 23.6% |
| 24-26 IRVING AVE | 2026-05 | $650,000 | 1,768 | 16.1% |
| 624 S 19TH ST | 2026-06 | $665,000 | 2,000 | 20.9% |
| 108 DAVENPORT AVE | 2026-01 | $615,000 | 1,875 | 24.3% |
| 390 N 6TH ST | 2025-07 | $660,000 | 1,858 | 18.6% |
| 103 SCHLEY ST | 2025-09 | $700,000 | 1,960 | 29.7% |
| 412 FABYAN PL | 2025-10 | $550,000 | 1,848 | 23.6% |
Is this your house?
Run your own report →