The Fair Share Report
157 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 $345,562 – $642,199, 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 $625,496 home should be assessed near $254,514.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,014 below what the ratio math suggests (43.2%).
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
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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 79 S 11TH ST | 2025-03 | $573,500 | 1,923 | 51.1% |
| 695 CLIFTON AVE | 2025-10 | $650,000 | 1,956 | 37.7% |
| 50 WILLOUGHBY ST | 2025-07 | $670,000 | 1,946 | 18.5% |
| 39 BROOKDALE AVE | 2025-04 | $400,000 | 1,872 | 42.8% |
| 497 7TH AVE W | 2026-05 | $382,000 | 1,916 | 53.1% |
| 108 DAVENPORT AVE | 2026-01 | $615,000 | 1,875 | 24.3% |
| 40 PINE GROVE TER | 2025-09 | $525,000 | 1,860 | 24.6% |
| 285 N 6TH ST | 2026-05 | $400,000 | 1,894 | 29.1% |
| 59 ST FRANCIS ST | 2026-02 | $675,000 | 2,016 | 34.7% |
| 267 NEW YORK AVE | 2026-01 | $670,000 | 1,862 | 24.9% |
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