The Fair Share Report
293 Spring St
Newton, NJ 07960
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 $360,206 – $465,666, from 12 comparable Newton sales in the past 18 months, at this home's 1,746 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Newton assessments sit below market value — republished every October, applied town-wide. A $415,024 home should be assessed near $372,028.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,972 above what the ratio math suggests (8.1%).
Step 4 · The tax rate — same for every Newton home
$1.310 Schools · 49% $0.420 County · 16% $0.931 Town · 35%
This home's own bill implies $2.524 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Newton sale · assessed ÷ market
71%117%
Paying about right
This home's ratio lands inside Newton'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 |
|---|---|---|---|---|
| 10 PINE ST | 2025-01 | $375,000 | 1,590 | 88.1% |
| 22 WOODSIDE AVE | 2026-01 | $365,000 | 1,547 | 81.5% |
| 88 TRINITY ST | 2026-05 | $475,000 | 1,728 | 67.0% |
| 51 PLAINFIELD AVE | 2025-03 | $360,000 | 1,745 | 100.1% |
| 21 TOWNSEND ST | 2025-03 | $400,000 | 1,632 | 85.0% |
| 18 CLINTON ST | 2025-01 | $471,000 | 1,766 | 89.1% |
| 8 PINE ST | 2025-03 | $457,000 | 1,873 | 87.1% |
| 101 MADISON ST | 2026-05 | $270,000 | 1,424 | 107.1% |
| 19 MASON AVE | 2026-05 | $460,333 | 1,840 | 90.4% |
| 2-4 STUART ST | 2025-02 | $583,000 | 2,088 | 86.7% |
| 19 UNION PL | 2025-05 | $389,900 | 2,428 | 94.5% |
| 33 WOODSIDE AVE | 2026-06 | $401,000 | 1,687 | 87.5% |
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