The Fair Share Report
159 3rd St
Newark, NJ 07107
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 $603,208 – $668,676, 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 $642,242 home should be assessed near $261,328.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,128 below what the ratio math suggests (34.5%).
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 |
|---|---|---|---|---|
| 764-766 SO 18TH | 2026-04 | $700,000 | 2,134 | 23.5% |
| 764-766 SO 18TH | 2025-09 | $423,000 | 2,134 | 39.0% |
| 125-127 S 8TH ST | 2025-07 | $600,000 | 2,128 | 28.5% |
| 586 15TH AVE | 2025-02 | $636,000 | 2,128 | 25.4% |
| 597 ORANGE ST | 2025-09 | $550,000 | 2,080 | 27.7% |
| 397-399 18TH AVE | 2025-09 | $715,000 | 2,268 | 24.1% |
| 141 FABYAN PL | 2025-10 | $640,000 | 2,246 | 23.4% |
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
| 125 N 11TH ST | 2025-01 | $610,000 | 2,242 | 24.5% |
| 433-435 AVON AVE | 2025-04 | $640,000 | 2,134 | 16.4% |
| 575 BERGEN ST | 2025-12 | $660,000 | 2,230 | 24.0% |
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