The Fair Share Report
160 Scheerer Ave
Newark, NJ 08757
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $474,055 – $534,758, 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 $491,986 home should be assessed near $200,189.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,889 below what the ratio math suggests (35.4%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 282 WEEQUAHIC AVE | 2025-05 | $560,000 | 1,775 | 20.8% |
| 48-50 IVY ST | 2025-10 | $575,000 | 1,774 | 23.6% |
| 412 FABYAN PL | 2025-10 | $550,000 | 1,848 | 23.6% |
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
| 53 EASTERN PKWY | 2025-06 | $525,000 | 1,765 | 30.6% |
| 53 EASTERN PKWY | 2025-02 | $317,500 | 1,765 | 50.6% |
| 46-48 LONGFELLOW AVE | 2025-05 | $489,000 | 1,770 | 33.7% |
| 154 COLUMBIA AVE | 2026-06 | $525,000 | 1,674 | 8.2% |
| 117 LEHIGH AVE | 2026-01 | $480,000 | 1,722 | 49.4% |
| 274 ELLERY AVE | 2026-04 | $492,500 | 1,724 | 30.1% |
| 237-239 ELLERY AVE | 2026-03 | $155,000 | 1,665 | 97.6% |
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