The Fair Share Report
152 Scheerer Ave
Newark, NJ 07111
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 $445,019 – $750,897, 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 $540,332 home should be assessed near $219,861.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,339 above what the ratio math suggests (0.6%).
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%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 |
|---|---|---|---|---|
| 71 GARRISON ST | 2025-03 | $900,000 | 2,466 | 23.7% |
| 289-291 WEEQUAHIC AVE | 2025-08 | $480,000 | 2,590 | 31.9% |
| 210-212 GOLDSMITH AVE | 2025-09 | $755,000 | 2,553 | 36.9% |
| 249-251 ALDINE ST | 2024-12 | $450,000 | 2,452 | 35.1% |
| 225-227 WAINWRIGHT ST | 2025-01 | $420,000 | 2,424 | 48.1% |
| 277 WAINWRIGHT ST | 2025-07 | $685,000 | 2,446 | 26.4% |
| 40 ROSE TERR | 2026-03 | $550,000 | 2,560 | 28.8% |
| 40 ROSE TERR | 2025-09 | $385,000 | 2,560 | 41.1% |
| 33 ROSE TERR | 2025-06 | $545,000 | 2,542 | 45.5% |
| 385 WOODSIDE AVE | 2025-06 | $475,000 | 2,544 | 36.0% |
| 251-253 WAINWRIGHT ST | 2025-11 | $740,000 | 2,609 | 21.9% |
| 18-20 BEVERLY ST | 2025-10 | $515,000 | 2,519 | 37.2% |
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