The Fair Share Report
124 Wright St
Newark, NJ 07642
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 $327,563 – $713,109, 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 $485,273 home should be assessed near $197,458.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,058 below what the ratio math suggests (21.8%).
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%
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 |
|---|---|---|---|---|
| 181 THOMAS ST | 2025-08 | $910,000 | — | 2.3% |
| 14-16 DAVENPORT AVE | 2026-05 | $350,000 | 1,824 | 37.5% |
| 637 S 10TH ST | 2025-01 | $505,000 | 1,920 | 33.2% |
| 813 MT PROSPECT AVE | 2025-06 | $665,000 | 1,834 | 27.3% |
| 31 5TH ST | 2025-09 | $175,000 | — | 10.6% |
| 212 SUMMER AVE | 2025-04 | $625,000 | 1,740 | 31.0% |
| 207 2ND ST | 2026-02 | $595,000 | 1,832 | 25.8% |
| 106 S 11TH ST | 2026-06 | $400,000 | 1,943 | 36.3% |
| 260 N 7TH ST | 2025-10 | $365,000 | 1,858 | 50.2% |
| 245 ELM ST | 2025-03 | $675,000 | 1,864 | 24.3% |
| 19- WAKEMAN AVE | 2025-03 | $405,000 | 1,672 | 48.2% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
Is this your house?
Run your own report →