The Fair Share Report
135 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 $471,822 – $748,454, 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 $652,354 home should be assessed near $265,443.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,757 above what the ratio math suggests (6.7%).
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%65%
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 |
|---|---|---|---|---|
| 16-18 WHITE TERR | 2026-04 | $950,000 | 3,076 | 6.0% |
| 382-384 N 7TH ST | 2026-03 | $650,000 | 3,037 | 26.3% |
| 33-35 CEDAR AVE | 2025-06 | $450,000 | 3,023 | 69.7% |
| 76-78 GRUMMAN AVE | 2025-05 | $580,000 | 3,128 | 26.1% |
| 65 HUNTINGTON TER | 2025-04 | $620,000 | 3,037 | 45.6% |
| 199-201 RENNER AVE | 2025-12 | $300,000 | 3,060 | 66.6% |
| 144-146 POMONA AVE | 2025-08 | $670,000 | 3,065 | 23.8% |
| 235-237 LEHIGH AVE | 2026-03 | $460,000 | 3,060 | 49.9% |
| 185 GOLDSMITH AVE | 2025-01 | $700,000 | 2,934 | 25.8% |
| 575-577 SANDFORD AVE | 2026-03 | $745,000 | 2,975 | 29.0% |
| 245 WAINWRIGHT ST | 2026-02 | $550,000 | 2,999 | 33.2% |
| 53-55 BOCK AVE | 2025-07 | $750,000 | 3,177 | 34.0% |
Is this your house?
Run your own report →