The Fair Share Report
39 Jay St
Newark, NJ 07047
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 $479,034 – $740,421, 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 $581,883 home should be assessed near $236,768.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,168 below what the ratio math suggests (30.1%).
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
17%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% |
| 422 JELLIFF AVE | 2025-04 | $515,000 | 2,182 | 62.1% |
| 663 S 15TH ST | 2025-11 | $710,000 | 2,140 | 38.3% |
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 540 S 20TH ST | 2025-10 | $535,000 | 2,120 | 26.2% |
| 59 ST FRANCIS ST | 2026-02 | $675,000 | 2,016 | 34.7% |
| 32 N 6TH ST | 2025-08 | $200,000 | 2,119 | 67.5% |
| 77 ALDINE ST | 2025-11 | $601,000 | 2,040 | 20.5% |
| 695 CLIFTON AVE | 2025-10 | $650,000 | 1,956 | 37.7% |
| 318 N 10TH ST | 2025-06 | $580,000 | 2,200 | 49.4% |
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