The Fair Share Report
166 Scheerer Ave
Newark, NJ 07114
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 $527,431 – $683,778, 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 $611,538 home should be assessed near $248,835.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,935 below what the ratio math suggests (25.3%).
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 |
|---|---|---|---|---|
| 596 IRVINE TURNER BLVD | 2025-11 | $465,000 | 2,226 | 28.5% |
| 191 DEWEY ST | 2025-04 | $700,000 | 2,166 | 50.6% |
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
| 164 STUYVESANT AVE | 2026-05 | $575,000 | 2,304 | 22.6% |
| 265-267 WEST END AVE | 2025-01 | $269,412 | 2,260 | 54.0% |
| 67 BROOKDALE AVE | 2026-02 | $715,000 | 2,288 | 17.1% |
| 294 POMONA AVE | 2025-05 | $285,000 | 2,336 | 59.6% |
| 410-412 KERRIGAN BLVD | 2025-08 | $610,000 | 2,112 | 22.9% |
| 268 LEHIGH AVE | 2025-12 | $645,000 | 2,304 | 23.8% |
| 44 ELLIOTT ST | 2025-03 | $675,000 | 2,250 | 31.3% |
| 5 MAPES TERRACE | 2025-03 | $600,000 | 2,446 | 28.0% |
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