The Fair Share Report
39 3rd St
Newark, NJ 07107
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 $603,874 – $721,488, from 12 comparable Newark sales in the past 18 months, at this home's 2,635 sq ft.
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 $665,373 home should be assessed near $270,740.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,240 below what the ratio math suggests (37.0%).
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 |
|---|---|---|---|---|
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
| 31 5TH ST | 2025-09 | $175,000 | — | 10.6% |
| 309 7TH AVE W | 2025-11 | $750,000 | 2,533 | 20.9% |
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 254 N 11TH ST | 2025-11 | $653,000 | 2,586 | 34.4% |
| 189 ALEXANDER ST | 2025-12 | $572,000 | 2,702 | 15.7% |
| 83-85 VALLEY ST | 2025-12 | $630,000 | 2,749 | 26.6% |
| 420-422 FABYAN PL | 2025-06 | $690,000 | 2,520 | 23.1% |
| 35-37 STECHER ST | 2025-04 | $650,000 | 2,548 | 26.7% |
| 10-12 REYNOLDS PL | 2025-04 | $575,000 | 2,440 | 37.5% |
| 38 11TH AVE | 2025-07 | $740,000 | 2,900 | 39.1% |
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