The Fair Share Report
110 Scheerer 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 $485,110 – $707,639, 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 $588,549 home should be assessed near $239,481.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,981 below what the ratio math suggests (14.2%).
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 |
|---|---|---|---|---|
| 115 ORATON ST | 2025-06 | $635,000 | 2,427 | 22.5% |
| 822 S 16TH ST | 2025-12 | $490,000 | 2,447 | 27.0% |
| 889 S 16TH ST | 2025-07 | $755,000 | 2,413 | 18.4% |
| 163 S 7TH ST | 2026-04 | $630,000 | 2,392 | 24.9% |
| 170 S 11TH ST | 2025-07 | $470,000 | 2,434 | 33.4% |
| 369 S 19TH ST | 2026-02 | $405,000 | 2,384 | 36.2% |
| 142 S 9TH ST | 2025-03 | $535,000 | 2,443 | 38.8% |
| 247 PARKER ST | 2025-05 | $700,000 | 2,446 | 24.2% |
| 467 HAWTHORNE AVE | 2025-10 | $670,000 | 2,372 | 21.8% |
| 753 S 20TH ST | 2026-04 | $575,000 | 2,346 | 36.0% |
| 760 MT PROSPECT AVE | 2026-04 | $500,000 | 2,343 | 42.3% |
| 748 S 16TH ST | 2026-02 | $560,000 | 2,295 | 47.2% |
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