The Fair Share Report
100 Wright St
Newark, NJ 07114
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 $717,648 – $802,217, 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 $771,549 home should be assessed near $313,943.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,043 below what the ratio math suggests (20.7%).
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
18%58%
Paying about right
This home's ratio lands inside Newark'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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 250 S 7TH ST | 2025-02 | $350,000 | 2,582 | 60.7% |
| 740 S 12TH ST | 2026-04 | $850,000 | 2,558 | 22.0% |
| 362 N 6TH ST | 2025-12 | $785,000 | 2,558 | 42.6% |
| 617 N 7TH ST | 2025-04 | $770,000 | 2,564 | 34.0% |
| 687 S 17TH ST | 2025-06 | $730,000 | 2,584 | 30.0% |
| 22 BOYLAN ST | 2025-08 | $760,000 | 2,560 | 26.6% |
| 118 3RD AVE | 2026-05 | $720,000 | 2,558 | 35.9% |
| 488 S 19TH ST | 2025-09 | $765,000 | 2,570 | 28.9% |
| 478 5TH ST | 2025-10 | $550,000 | 2,548 | 38.2% |
| 697 S 18TH ST | 2025-03 | $610,000 | 2,586 | 36.1% |
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