The Fair Share Report
127 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 $491,892 – $713,259, 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 $606,892 home should be assessed near $246,944.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $83,844 below what the ratio math suggests (34.0%).
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
17%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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 59 ST FRANCIS ST | 2026-02 | $675,000 | 2,016 | 34.7% |
| 57 COMMONWEALTH AVE | 2025-04 | $500,000 | 1,991 | 52.5% |
| 35 PALM ST | 2026-01 | $450,000 | 2,016 | 25.1% |
| 422 JELLIFF AVE | 2025-04 | $515,000 | 2,182 | 62.1% |
| 77 ALDINE ST | 2025-11 | $601,000 | 2,040 | 20.5% |
| 695 CLIFTON AVE | 2025-10 | $650,000 | 1,956 | 37.7% |
| 36 TILLINGHAST ST | 2026-03 | $600,000 | 2,052 | 34.5% |
| 108 DAVENPORT AVE | 2026-01 | $615,000 | 1,875 | 24.3% |
| 103 SCHLEY ST | 2025-09 | $700,000 | 1,960 | 29.7% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
Is this your house?
Run your own report →