The Fair Share Report
103 Lyons Ave
Newark, NJ 07112
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 $419,050 – $701,298, 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 $594,974 home should be assessed near $242,095.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,795 below what the ratio math suggests (8.2%).
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 |
|---|---|---|---|---|
| 59-61 GRUMMAN AVE | 2025-01 | $450,000 | 2,597 | 50.7% |
| 18-20 BEVERLY ST | 2025-10 | $515,000 | 2,519 | 37.2% |
| 860-862 S 13TH | 2025-03 | $450,000 | 2,487 | 39.3% |
| 600-602 S 20TH ST | 2025-02 | $632,000 | 2,438 | 31.6% |
| 189-191 HOBSON ST | 2025-02 | $667,000 | 2,504 | 30.3% |
| 210-212 GOLDSMITH AVE | 2025-09 | $755,000 | 2,553 | 36.9% |
| 245-249 ALEXANDER ST | 2025-08 | $600,000 | 2,475 | 23.8% |
| 385 WOODSIDE AVE | 2025-06 | $475,000 | 2,544 | 36.0% |
| 158-160 EASTERN PKWAY | 2026-03 | $450,000 | 2,580 | 52.0% |
| 15-17 WEEQUAHIC AVE | 2025-11 | $630,000 | 2,680 | 32.6% |
| 117-119 GOLDSMITH AVE | 2025-07 | $730,000 | 2,726 | 25.5% |
| 17 WOLCOTT TERR | 2025-01 | $540,000 | 2,638 | 38.9% |
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