The Fair Share Report
32 Fleming Ave
Newark, NJ 07008
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 $488,662 – $696,485, 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 $593,738 home should be assessed near $241,592.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,592 below what the ratio math suggests (4.0%).
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
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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 23 KOMORN ST | 2025-04 | $655,000 | 2,272 | 31.2% |
| 40 HAWKINS ST | 2025-02 | $650,000 | 2,262 | 38.4% |
| 145 FAIRMOUNT AVE | 2025-11 | $545,000 | 2,313 | 26.1% |
| 206 12TH AVE | 2025-08 | $370,000 | 2,349 | 24.9% |
| 295 WALNUT ST | 2025-01 | $680,000 | 2,288 | 26.1% |
| 84 PEABODY PL | 2025-07 | $555,000 | 2,174 | 45.0% |
| 402 CHESTNUT ST | 2025-07 | $700,000 | 2,240 | 32.1% |
| 100 NICHOLS ST | 2025-04 | $994,999 | 2,402 | 25.7% |
| 96 HIGHLAND AVE | 2025-03 | $468,000 | 2,272 | 27.3% |
| 99 ALEXANDER ST | 2026-06 | $550,000 | 2,100 | 37.0% |
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