The Fair Share Report
174 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 $865,545 – $1,042,532, 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 $965,780 home should be assessed near $392,976.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,924 above what the ratio math suggests (10.2%).
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
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 |
|---|---|---|---|---|
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
| 10 RUBY PL | 2025-05 | $950,000 | 4,158 | 35.8% |
| 89 CHADWICK AVE | 2025-07 | $850,000 | 4,284 | 45.0% |
| 453-455 WASHINGTON ST | 2024-12 | $890,000 | 4,037 | 41.9% |
| 48-50 CYPRESS ST | 2025-10 | $860,000 | 4,127 | 46.9% |
| 228 MURRAY ST | 2025-10 | $1,140,000 | 4,010 | 40.4% |
| 29 ISABELLA AVE | 2026-01 | $859,000 | 3,789 | 46.8% |
| 27 ISABELLA AVE | 2026-01 | $859,000 | 3,789 | 46.8% |
| 442 4TH AVE | 2025-11 | $950,000 | 4,911 | 50.1% |
| 33-39 DOWNING ST | 2025-02 | $1,400,000 | 4,318 | 30.8% |
| 503 DELAVAN AVE W. | 2026-01 | $950,000 | 3,700 | 42.3% |
Is this your house?
Run your own report →