The Fair Share Report
175 Walnut St
Newark, NJ 07933
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 $412,674 – $681,814, 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 $509,396 home should be assessed near $207,273.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,573 below what the ratio math suggests (14.3%).
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 |
|---|---|---|---|---|
| 181 THOMAS ST | 2025-08 | $910,000 | — | 2.3% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
| 31 5TH ST | 2025-09 | $175,000 | — | 10.6% |
| 813 MT PROSPECT AVE | 2025-06 | $665,000 | 1,834 | 27.3% |
| 212 SUMMER AVE | 2025-04 | $625,000 | 1,740 | 31.0% |
| 207 2ND ST | 2026-02 | $595,000 | 1,832 | 25.8% |
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 14-16 DAVENPORT AVE | 2026-05 | $350,000 | 1,824 | 37.5% |
| 777 S 15TH ST | 2025-08 | $475,000 | 1,671 | 25.0% |
| 63 LINCOLN AVE | 2025-12 | $460,000 | 1,670 | 21.7% |
| 106 S 11TH ST | 2026-06 | $400,000 | 1,943 | 36.3% |
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