The Fair Share Report
143 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 $480,040 – $709,383, from 12 comparable Newark sales in the past 18 months, at this home's 2,298 sq ft.
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 $573,503 home should be assessed near $233,358.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,258 below what the ratio math suggests (33.1%).
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
17%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 |
|---|---|---|---|---|
| 164 STUYVESANT AVE | 2026-05 | $575,000 | 2,304 | 22.6% |
| 90-92 GOODWIN AVE | 2025-08 | $505,000 | 2,360 | 30.8% |
| 151-153 BROOKDALE AVE | 2025-03 | $800,000 | 2,384 | 23.6% |
| 34 VOORHEES ST | 2025-11 | $495,000 | 2,262 | 29.7% |
| 596 IRVINE TURNER BLVD | 2025-11 | $465,000 | 2,226 | 28.5% |
| 10 TILLINGHAST ST | 2026-03 | $630,000 | 2,389 | 28.4% |
| 67 BROOKDALE AVE | 2026-02 | $715,000 | 2,288 | 17.1% |
| 11 BOCK AVE | 2025-12 | $560,000 | 2,112 | 29.4% |
| 431 N 12TH ST | 2025-11 | $710,000 | 2,300 | 21.8% |
| 101-103 POMONA AVE | 2025-05 | $465,000 | 2,250 | 36.8% |
| 432 N 11TH ST | 2025-05 | $560,000 | 2,256 | 26.1% |
| 294 POMONA AVE | 2025-05 | $285,000 | 2,336 | 59.6% |
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