The Fair Share Report
28 Wright St
Newark, NJ 07114
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 $364,870 – $618,845, 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 $471,139 home should be assessed near $191,706.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,406 below what the ratio math suggests (32.0%).
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
16%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 |
|---|---|---|---|---|
| 238 N 6TH ST | 2026-03 | $380,000 | 1,680 | 28.6% |
| 288- GARSIDE ST | 2025-05 | $411,000 | 1,674 | 29.1% |
| 140 SHERMAN AVE | 2025-09 | $106,000 | 1,620 | 92.5% |
| 170 CHRISTIE ST | 2025-12 | $490,000 | 1,612 | 28.2% |
| 418 SUMMER AVE | 2025-07 | $605,000 | 1,711 | 17.9% |
| 6 MILLER ST | 2025-02 | $420,000 | 1,846 | 33.0% |
| 117 NEW YORK AVE | 2025-11 | $518,888 | 1,880 | 35.1% |
| 27 DOWNING ST | 2025-06 | $519,900 | 1,514 | 26.7% |
| 168 PARKER ST | 2025-05 | $536,000 | 1,632 | 13.1% |
| 55 GOBLE ST | 2025-11 | $600,000 | 1,760 | 28.8% |
| 151 DELAVAN AVE | 2025-02 | $380,000 | 1,464 | 33.8% |
| 99 CUTLER ST | 2026-03 | $605,000 | 1,579 | 47.0% |
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