The Fair Share Report
14 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 $414,342 – $745,791, 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 $547,366 home should be assessed near $222,723.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,577 above what the ratio math suggests (23.2%).
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%72%
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 |
|---|---|---|---|---|
| 133-135 OSBORNE TERR | 2025-05 | $715,000 | 2,878 | 46.9% |
| 539 SUMMER AVE | 2025-05 | $700,000 | 2,944 | 26.8% |
| 222 WEEQUAHIC AVE | 2025-10 | $525,000 | 2,898 | 30.4% |
| 114-116 LEHIGH AVE | 2025-04 | $816,000 | 2,934 | 26.8% |
| 151 S MUNN AVE | 2026-04 | $595,000 | 2,836 | 49.4% |
| 726 N 7TH ST | 2025-02 | $697,135 | 3,126 | 33.5% |
| 235-237 LEHIGH AVE | 2026-03 | $460,000 | 3,060 | 49.9% |
| 209-211 WEEQUAHIC AVE | 2025-11 | $350,000 | 2,811 | 44.4% |
| 30 RICHELIEU TER | 2025-03 | $452,052 | 2,848 | 64.7% |
| 199-201 RENNER AVE | 2025-12 | $300,000 | 3,060 | 66.6% |
| 245 WAINWRIGHT ST | 2026-02 | $550,000 | 2,999 | 33.2% |
| 33 HELLER PKWY | 2025-01 | $800,000 | 3,120 | 38.5% |
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