The Fair Share Report
186 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 $438,288 – $625,000, from 12 comparable Newark sales in the past 18 months, at this home's 2,657 sq ft.
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 $593,850 home should be assessed near $241,638.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,438 below what the ratio math suggests (18.8%).
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% |
| 498-500 5TH ST | 2025-02 | $380,000 | 2,755 | 39.4% |
| 758 MT PROSPECT AVE | 2025-08 | $255,000 | 2,776 | 68.5% |
| 193-195 SEYMOUR AVE | 2026-02 | $670,000 | 2,617 | 42.9% |
| 120 S 7TH ST | 2026-03 | $615,000 | 2,610 | 44.9% |
| 96 SUSSEX AVE | 2025-11 | $260,000 | 2,680 | 64.5% |
| 147 SEYMOUR AVE | 2026-01 | $615,000 | 2,654 | 23.0% |
| 872-874 S 18TH | 2025-12 | $450,000 | 2,728 | 33.9% |
| 45 SEYMOUR AVE | 2026-03 | $660,000 | 2,810 | 23.2% |
| 39 SEYMOUR AVE | 2025-09 | $500,000 | 2,810 | 31.1% |
| 243 4TH ST | 2025-02 | $625,000 | 2,594 | 33.2% |
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