The Fair Share Report
24 Eckert Ave
Newark, NJ 07112
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 $461,564 – $752,646, 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 $596,106 home should be assessed near $242,556.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,444 above what the ratio math suggests (6.4%).
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%61%
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 |
|---|---|---|---|---|
| 758 MT PROSPECT AVE | 2025-08 | $255,000 | 2,776 | 68.5% |
| 179 LESLIE ST | 2025-04 | $699,000 | 2,756 | 28.9% |
| 166 SEYMOUR AVE | 2025-03 | $620,000 | 2,875 | 28.9% |
| 56 WEEQUAHIC AVE | 2025-03 | $460,000 | 2,770 | 45.0% |
| 36 LEO PL | 2025-05 | $305,000 | 2,849 | 60.7% |
| 811 S 13TH ST | 2026-01 | $830,000 | 2,738 | 19.7% |
| 177-179 SEYMOUR AVE | 2025-06 | $715,000 | 2,748 | 47.0% |
| 42 HALLECK ST | 2025-10 | $620,000 | 2,812 | 27.6% |
| 73-75 N MUNN AVE | 2024-12 | $500,000 | 2,881 | 55.2% |
| 45 SEYMOUR AVE | 2026-03 | $660,000 | 2,810 | 23.2% |
| 39 SEYMOUR AVE | 2025-09 | $500,000 | 2,810 | 31.1% |
| 913 S 19TH ST | 2026-05 | $800,000 | 2,802 | 36.9% |
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