The Fair Share Report
111 3rd Ave E
Newark, NJ 07104
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 $454,256 – $653,046, 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 $575,514 home should be assessed near $234,177.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,277 below what the ratio math suggests (24.5%).
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
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 |
|---|---|---|---|---|
| 68 BRUNSWICK ST | 2025-12 | $300,000 | 2,122 | 54.4% |
| 173 PARKER ST | 2025-11 | $620,000 | 2,028 | 21.3% |
| 64 KOSSUTH ST | 2025-10 | $585,000 | 2,066 | 28.6% |
| 223 2ND ST | 2025-03 | $565,000 | 2,042 | 34.4% |
| 147 TICHENOR ST | 2025-06 | $610,000 | 2,140 | 31.2% |
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 16 N 9TH ST | 2025-07 | $650,000 | 2,448 | 19.9% |
| 20 UNION ST | 2025-07 | $500,000 | 1,928 | 32.9% |
| 192 SUMMER AVE | 2025-06 | $550,000 | 2,378 | 29.1% |
| 58 WRIGHT ST | 2026-04 | $500,000 | 2,024 | 54.7% |
| 318 N 7TH ST | 2026-02 | $630,000 | 2,060 | 19.3% |
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