The Fair Share Report
232 Berkeley Ave
Newark, NJ 07107
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 $481,954 – $581,604, 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 $580,420 home should be assessed near $236,173.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,673 below what the ratio math suggests (25.7%).
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
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% |
| 51 N 6TH ST | 2025-04 | $545,000 | 1,986 | 23.8% |
| 250 4TH ST | 2025-12 | $440,000 | 2,012 | 33.3% |
| 493 S 17TH ST | 2025-02 | $505,000 | 1,993 | 40.6% |
| 101 HIGHLAND AVE | 2025-01 | $670,000 | 1,956 | 17.4% |
| 176 PARKER ST | 2025-04 | $575,000 | 1,968 | 19.7% |
| 38 KENT ST | 2025-09 | $635,000 | 1,930 | 20.9% |
| 241 PESHINE AVE | 2025-05 | $577,500 | 1,978 | 25.6% |
| 36 TILLINGHAST ST | 2026-03 | $600,000 | 2,052 | 34.5% |
| 497 7TH AVE W | 2026-05 | $382,000 | 1,916 | 53.1% |
| 618 N 7TH ST | 2025-01 | $50,000 | — | 64.8% |
Is this your house?
Run your own report →