The Fair Share Report
26 Wright St
Newark, NJ 07090
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 $305,766 – $583,180, 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 $494,489 home should be assessed near $201,208.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $102,108 below what the ratio math suggests (50.7%).
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
12%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 N 13TH ST | 2026-06 | $320,000 | 1,495 | 17.2% |
| 118 N 13TH ST | 2026-02 | $325,000 | 1,495 | 16.9% |
| 95 MT PROSPECT AVE | 2025-08 | $630,000 | 1,390 | 32.1% |
| 110 N 13TH ST | 2025-01 | $630,000 | 1,495 | 35.9% |
| 108 N 13TH ST | 2026-03 | $410,000 | 1,495 | 18.6% |
| 85 WAKEMAN AVE | 2025-10 | $485,000 | 1,360 | 19.6% |
| 66 GARRISON ST | 2026-03 | $510,000 | 1,370 | 34.4% |
| 245 1/2 SUMMER AVE | 2026-04 | $350,000 | 1,548 | 31.5% |
| 295- ML KING BLVD | 2026-05 | $680,000 | 1,357 | 13.6% |
| 295- ML KING BLVD | 2025-01 | $450,000 | 1,357 | 20.6% |
| 185 PARKER ST | 2025-05 | $353,300 | 1,464 | 48.3% |
| 168 WALNUT ST | 2025-02 | $580,000 | 1,482 | 26.5% |
Is this your house?
Run your own report →