The Fair Share Report
17 Ruby Pl
Newark, NJ 07104
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.
This home's payments are about right
It sits inside Newark's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $526,070 – $734,934, 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 $663,858 home should be assessed near $270,124.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,024 below what the ratio math suggests (14.4%).
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 |
|---|---|---|---|---|
| 189 ALEXANDER ST | 2025-12 | $572,000 | 2,702 | 15.7% |
| 83-85 VALLEY ST | 2025-12 | $630,000 | 2,749 | 26.6% |
| 10-12 REYNOLDS PL | 2025-04 | $575,000 | 2,440 | 37.5% |
| 51-53 3RD ST | 2026-05 | $650,000 | 2,486 | 25.3% |
| 420-422 FABYAN PL | 2025-06 | $690,000 | 2,520 | 23.1% |
| 254 N 11TH ST | 2025-11 | $653,000 | 2,586 | 34.4% |
| 162-164 WEST END AVE | 2025-05 | $650,000 | 2,376 | 33.1% |
| 35-37 STECHER ST | 2025-04 | $650,000 | 2,548 | 26.7% |
| 142-144 IVY ST | 2026-05 | $760,000 | 3,074 | 24.1% |
| 142-144 IVY ST | 2025-07 | $600,000 | 3,074 | 30.6% |
| 334 SANDFORD AVE | 2025-08 | $825,000 | 2,899 | 39.5% |
| 117 VERMONT AVE | 2024-12 | $700,000 | 2,623 | 40.4% |
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