The Fair Share Report
13 Edwin Pl
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 $591,698 – $749,288, 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 $671,806 home should be assessed near $273,358.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,758 below what the ratio math suggests (8.7%).
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 |
|---|---|---|---|---|
| 12-14 PATTEN PL | 2026-02 | $625,000 | 2,816 | 33.7% |
| 198-200 SHEPHARD AVE | 2026-01 | $810,000 | 2,764 | 22.1% |
| 133-135 OSBORNE TERR | 2025-05 | $715,000 | 2,878 | 46.9% |
| 19 MYRTLE AVE | 2025-09 | $560,000 | 2,752 | 36.6% |
| 72 N 13TH ST | 2026-04 | $830,000 | 2,667 | 17.8% |
| 359-361 S 20TH ST | 2026-02 | $665,000 | 2,736 | 26.7% |
| 42 ECKERT AVE | 2025-09 | $500,000 | 2,733 | 49.0% |
| 42 HALLECK ST | 2025-10 | $620,000 | 2,812 | 27.6% |
| 15 FESSENDEN PL | 2025-03 | $685,000 | 2,586 | 27.1% |
| 15 YATES AVE | 2026-04 | $600,000 | 2,720 | 27.4% |
| 151 S MUNN AVE | 2026-04 | $595,000 | 2,836 | 49.4% |
| 70 CEDAR AVE | 2025-10 | $695,000 | 2,688 | 29.5% |
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