The Fair Share Report
18 Wright St
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 $439,818 – $679,639, 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 $520,774 home should be assessed near $211,903.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,203 below what the ratio math suggests (2.9%).
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% |
| 5 ELM ST | 2025-09 | $900,000 | 2,208 | 38.9% |
| 69 COLUMBIA ST | 2026-02 | $450,000 | 2,268 | 29.3% |
| 25 ROWLAND ST | 2026-03 | $485,000 | 2,350 | 30.9% |
| 171 MT PROSPECT AVE | 2025-05 | $505,000 | 2,273 | 42.8% |
| 146 ADAMS ST | 2025-07 | $700,000 | 2,428 | 27.8% |
| 81 COLUMBIA ST | 2026-05 | $650,000 | 2,364 | 23.2% |
| 90 JABEZ ST | 2025-10 | $620,000 | 2,088 | 40.6% |
| 163 GARSIDE ST | 2026-04 | $395,000 | 2,382 | 30.5% |
| 80- 4TH AVE | 2025-02 | $500,000 | 2,366 | 35.9% |
| 289 ML KING BLVD | 2025-08 | $400,000 | 2,196 | 30.9% |
| 11 WARREN ST | 2025-02 | $405,000 | 2,074 | 32.0% |
Is this your house?
Run your own report →