The Fair Share Report

13 Eckert 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.

Step 1 · Market value

≈ $588,996

Likely range $494,484 – $596,440, from 12 comparable Newark sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

40.69%

The state's official measure of how far Newark assessments sit below market value — republished every October, applied town-wide. A $588,996 home should be assessed near $239,662.

Step 3 · Assessed value

$159,900

Set at the last town-wide revaluation and mostly frozen since. That's $79,762 below what the ratio math suggests (33.3%).

Step 4 · The tax rate — same for every Newark home

$3.999 per $100 assessed

$1.162 Schools · 29% $0.519 County · 13% $2.318 Town · 58%

Step 5 · The bill

$6,394/yr
Public schools$1,858
Essex County$830
Town of Newark$3,706
Newark average$7,640

This home vs. every recent Newark sale · assessed ÷ market

Town median 33.7%
This home · 27.1%

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)

AddressSoldPriceSq ftRatio
601 S 18TH ST2026-03$200,00019.0%
134 LITTLETON AVE2025-10$550,0004.8%
618 N 7TH ST2025-01$50,00064.8%
667 S 15TH ST2025-05$600,0002,07239.4%
326 OLIVER ST2026-02$660,0002,06414.3%
493 S 17TH ST2025-02$505,0001,99340.6%
176 PARKER ST2025-04$575,0001,96819.7%
727 S 20TH ST2025-10$610,0002,08620.8%
727 S 20TH ST2025-04$400,0002,08631.7%
250 4TH ST2025-12$440,0002,01233.3%
241 PESHINE AVE2025-05$577,5001,97825.6%
51 N 6TH ST2025-04$545,0001,98623.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →