The Fair Share Report
121 Maple 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 $508,216 – $676,537, 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 $571,908 home should be assessed near $232,709.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,309 below what the ratio math suggests (24.6%).
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 |
|---|---|---|---|---|
| 410-412 KERRIGAN BLVD | 2025-08 | $610,000 | 2,112 | 22.9% |
| 180 HOBSON ST | 2025-10 | $645,000 | 2,264 | 23.9% |
| 704-706 PARKER ST | 2026-05 | $280,000 | 2,105 | 72.3% |
| 265-267 WEST END AVE | 2025-01 | $269,412 | 2,260 | 54.0% |
| 124-126 NORWOOD ST | 2026-04 | $500,000 | 2,040 | 23.9% |
| 745 S 16TH ST | 2025-04 | $600,000 | 2,184 | 28.6% |
| 886-888 DE GRAW AVE | 2026-06 | $630,000 | 2,038 | 56.4% |
| 149-151 DEWEY ST | 2025-12 | $635,000 | 2,032 | 23.4% |
| 55-57 WAINWRIGHT ST | 2025-07 | $300,000 | 2,148 | 49.0% |
| 191 DEWEY ST | 2025-04 | $700,000 | 2,166 | 50.6% |
| 72-74 WILLOUGHBY ST | 2026-03 | $555,000 | 2,068 | 52.4% |
| 436-438 RIDGE ST | 2025-11 | $575,000 | 2,206 | 36.9% |
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