The Fair Share Report
146 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 $307,240 – $486,052, from 12 comparable Newark sales in the past 18 months, at this home's 1,388 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 $400,197 home should be assessed near $162,840.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,160 above what the ratio math suggests (35.1%).
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
18%77%
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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 38 SCOFIELD ST | 2025-06 | $385,000 | 1,366 | 26.8% |
| 212-214 NYE AVE | 2025-01 | $450,000 | 1,310 | 46.1% |
| 300 SMITH ST | 2025-02 | $360,000 | 1,386 | 38.0% |
| 577 N 9TH ST | 2026-03 | $610,000 | 1,496 | 21.7% |
| 256 ELLERY AVE | 2026-04 | $481,500 | 1,375 | 29.4% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
| 87 LITTLETON AVE | 2025-09 | $270,000 | 1,296 | 42.3% |
| 778 S 16TH ST | 2025-01 | $340,000 | 1,536 | 41.8% |
| 500 S 12TH ST | 2025-02 | $410,000 | 1,422 | 44.8% |
| 22-24 PINE GROVE TERR | 2026-05 | $555,000 | 1,444 | 34.0% |
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