The Fair Share Report
21 Mitchell Pl
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 $384,490 – $715,851, 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 $502,935 home should be assessed near $204,644.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,844 below what the ratio math suggests (7.3%).
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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 192 MAPES AVE | 2026-03 | $410,000 | 2,384 | 36.3% |
| 111 SCHEERER AVE | 2026-03 | $630,000 | 2,297 | 28.7% |
| 467 HAWTHORNE AVE | 2025-10 | $670,000 | 2,372 | 21.8% |
| 152 CHADWICK AVE | 2026-03 | $515,150 | 2,446 | 29.5% |
| 195 LEHIGH AVE | 2026-03 | $426,000 | 2,384 | 35.3% |
| 80 SMITH ST | 2025-08 | $710,000 | 2,465 | 18.7% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
| 65 BOYLAN ST | 2025-11 | $165,000 | 2,336 | 50.6% |
| 512 S 17TH ST | 2026-02 | $625,000 | 2,591 | 24.5% |
| 277 WAINWRIGHT ST | 2025-07 | $685,000 | 2,446 | 26.4% |
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