The Fair Share Report
101 3rd Ave
Newark, NJ 07652
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 $419,657 – $646,986, 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 $516,920 home should be assessed near $210,335.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,535 below what the ratio math suggests (21.6%).
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 |
|---|---|---|---|---|
| 181 THOMAS ST | 2025-08 | $910,000 | — | 2.3% |
| 42-44 NAIRN PL | 2026-01 | $455,000 | 1,974 | 43.1% |
| 297 GARSIDE ST | 2025-08 | $545,000 | 1,905 | 27.6% |
| 325 N 7TH ST | 2026-03 | $625,000 | 1,935 | 41.4% |
| 318 N 7TH ST | 2026-02 | $630,000 | 2,060 | 19.3% |
| 78-80 N 9TH ST | 2025-03 | $295,000 | 1,966 | 43.5% |
| 21-23 PORTER AVE | 2025-08 | $555,000 | 2,055 | 28.7% |
| 586-588 HAWTHORNE AVE | 2025-03 | $410,000 | 1,944 | 34.7% |
| 92 JEFFERSON ST | 2025-12 | $710,000 | 1,934 | 28.8% |
| 21-23 LESLIE ST | 2026-05 | $515,000 | 2,108 | 38.9% |
| 19-21 OAKLAND TERR | 2024-12 | $715,000 | 1,795 | 28.8% |
| 207 2ND ST | 2026-02 | $595,000 | 1,832 | 25.8% |
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