The Fair Share Report
22 Ruby Pl
Newark, NJ 07104
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 $397,554 – $660,537, 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 $552,113 home should be assessed near $224,655.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,655 below what the ratio math suggests (43.5%).
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
14%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 |
|---|---|---|---|---|
| 23 KENMORE AVE | 2026-04 | $540,000 | 1,728 | 38.0% |
| 39 BROOKDALE AVE | 2025-04 | $400,000 | 1,872 | 42.8% |
| 458 N 6TH ST | 2025-05 | $670,000 | 1,800 | 16.5% |
| 108 DAVENPORT AVE | 2026-01 | $615,000 | 1,875 | 24.3% |
| 390 N 6TH ST | 2025-07 | $660,000 | 1,858 | 18.6% |
| 322 N 10TH ST | 2025-03 | $525,000 | 1,704 | 24.8% |
| 285 N 6TH ST | 2026-05 | $400,000 | 1,894 | 29.1% |
| 139-141 PINE GROVE TER | 2025-07 | $450,000 | 1,691 | 27.2% |
| 35 PALM ST | 2026-01 | $450,000 | 2,016 | 25.1% |
| 132 BADGER AVE | 2025-01 | $385,000 | 1,598 | 66.5% |
| 103 SCHLEY ST | 2025-09 | $700,000 | 1,960 | 29.7% |
| 24-26 IRVING AVE | 2026-05 | $650,000 | 1,768 | 16.1% |
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