The Fair Share Report
134 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 $514,800 – $713,605, 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 $683,374 home should be assessed near $278,065.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,835 above what the ratio math suggests (19.7%).
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%70%
A touch high — worth watching
This home's ratio sits above most of Newark, but doesn't clear NJ's legal appeal line (46.79%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 SEYMOUR AVE | 2026-05 | $710,000 | 3,456 | 48.6% |
| 29 CEDAR AVE | 2026-05 | $700,000 | 3,408 | 24.1% |
| 586 S 18TH ST | 2025-04 | $660,000 | 3,525 | 28.7% |
| 22 FARLEY AVE | 2025-03 | $550,000 | 3,428 | 54.5% |
| 62 MILLINGTON AVE | 2025-08 | $665,500 | 3,351 | 24.3% |
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
| 18-20 FARLEY AVE | 2025-03 | $465,000 | 3,388 | 39.3% |
| 31 CEDAR AVE | 2025-03 | $670,000 | 3,284 | 31.6% |
| 137 LEHIGH AVE | 2025-04 | $645,000 | 3,306 | 31.4% |
| 26 N 12TH ST | 2026-03 | $750,000 | 3,390 | 32.7% |
| 22 SEYMOUR AVE | 2025-01 | $550,000 | 3,546 | 43.4% |
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