The Fair Share Report
15 Ruby Pl
Newark, NJ 07104
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 $317,730 – $517,198, 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 $330,296 home should be assessed near $134,397.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,897 below what the ratio math suggests (78.1%).
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
0%58%
Keep quiet and enjoy it
This home's assessment ratio sits below the Newark pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 284 STUYVESANT AVE | 2025-05 | $485,000 | 1,008 | 27.8% |
| 254 S 10TH ST | 2025-10 | $315,000 | 972 | 40.3% |
| 104-106 PINE GROVE TER | 2025-10 | $502,500 | 1,012 | 42.4% |
| 168 FAIRMOUNT AVE | 2025-05 | $242,000 | 1,040 | 31.4% |
| 264 MATTHEWS DR | 2026-04 | $345,000 | 1,048 | 31.9% |
| 45B WICKLIFFE ST | 2025-06 | $350,000 | 1,048 | 32.0% |
| 190 ALEXANDER ST | 2025-10 | $470,000 | 1,040 | 21.1% |
| 190 ALEXANDER ST | 2025-03 | $235,000 | 1,040 | 42.2% |
| 341 S 18TH ST | 2025-07 | $360,000 | 1,044 | 46.3% |
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 618 N 7TH ST | 2025-01 | $50,000 | — | 64.8% |
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