The Fair Share Report
237 E Kinney St
Newark, NJ 07083
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 $427,090 – $652,976, 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 $536,643 home should be assessed near $218,360.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,760 below what the ratio math suggests (0.8%).
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 |
|---|---|---|---|---|
| 116 MAYOR GIBSON | 2026-06 | $500,000 | 2,078 | 61.0% |
| 23-25 GOTTHART ST | 2025-02 | $630,000 | 2,058 | 30.2% |
| 130 WAKEMAN AVE | 2026-05 | $480,000 | 2,012 | 35.0% |
| 11 ELWOOD PL | 2025-04 | $460,000 | 2,057 | 29.2% |
| 394 WALNUT ST | 2026-03 | $315,000 | 1,986 | 59.7% |
| 96 NICHOLS ST | 2026-01 | $660,000 | 2,058 | 29.8% |
| 66-68 BEVERLY ST | 2025-09 | $410,000 | 2,114 | 45.6% |
| 289 WALNUT ST | 2025-05 | $650,000 | 2,040 | 30.6% |
| 99 ALEXANDER ST | 2026-06 | $550,000 | 2,100 | 37.0% |
| 15 TAYLOR ST | 2026-02 | $330,000 | 2,016 | 43.7% |
| 375 S 10TH ST | 2025-06 | $450,000 | 2,043 | 41.1% |
| 24 NICHOLS ST | 2025-12 | $572,000 | 2,021 | 29.7% |
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