The Fair Share Report
116 3rd Ave
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 $379,015 – $458,681, 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 $418,650 home should be assessed near $170,349.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,949 below what the ratio math suggests (41.1%).
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
16%58%
Keep quiet and enjoy it
This home's assessment ratio sits below the Newark pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
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% |
| 432 S 18TH ST | 2025-05 | $388,850 | 1,456 | 57.9% |
| 197 FAIRMOUNT AVE | 2025-12 | $235,000 | 1,430 | 36.0% |
| 64 COLUMBIA AVE | 2026-01 | $710,000 | 1,506 | 33.3% |
| 835 PARKER ST | 2025-04 | $435,000 | 1,418 | 31.3% |
| 270 VERONA AVE | 2025-10 | $395,000 | 1,408 | 34.0% |
| 33 ALEXANDER ST | 2025-04 | $430,000 | 1,388 | 32.9% |
| 44 STUYVESANT AVE | 2025-10 | $295,000 | 1,456 | 38.1% |
| 755 S 20TH | 2025-12 | $250,000 | 1,485 | 56.6% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
| 445 S 17TH ST | 2026-02 | $495,000 | 1,600 | 25.1% |
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