The Fair Share Report
20 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 $277,606 – $563,303, from 12 comparable Newark sales in the past 18 months, at this home's 1,228 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 $390,816 home should be assessed near $159,023.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,123 below what the ratio math suggests (27.7%).
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
15%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% |
| 64 ELM RD | 2025-05 | $650,000 | 1,260 | 36.5% |
| 112 GARSIDE ST | 2025-04 | $610,000 | 1,172 | 12.5% |
| 102 S 14TH ST | 2025-12 | $320,000 | 1,280 | 42.8% |
| 208 N 11TH ST | 2025-12 | $225,000 | 1,170 | 44.2% |
| 46-A JAMES ST | 2025-08 | $401,000 | 1,260 | 29.6% |
| 42- EMMET ST | 2025-01 | $305,000 | 1,280 | 49.0% |
| 255 S 10TH ST | 2025-05 | $325,000 | 1,230 | 23.5% |
| 41 EMMET ST | 2025-01 | $255,000 | 1,128 | 32.8% |
| 683- MARKET ST | 2025-03 | $360,000 | 1,088 | 42.1% |
| 232- E KINNEY ST | 2025-08 | $500,000 | 1,090 | 20.0% |
| 336 MADISON AVE | 2025-12 | $442,200 | 1,209 | 39.4% |
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