The Fair Share Report
48 Eckert Ave
Newark, NJ 07112
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 $431,320 – $693,729, 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 $605,790 home should be assessed near $246,496.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,896 below what the ratio math suggests (26.3%).
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 |
|---|---|---|---|---|
| 424 WALNUT ST | 2025-12 | $935,000 | 2,172 | 23.6% |
| 220 BROOKDALE AVE | 2026-01 | $675,000 | 2,216 | 23.0% |
| 318 N 10TH ST | 2025-06 | $580,000 | 2,200 | 49.4% |
| 106 SUMMER AVE | 2025-07 | $355,000 | 2,160 | 38.1% |
| 521 S 16TH ST | 2025-01 | $430,000 | 2,198 | 35.4% |
| 741 SUMMER AVE | 2025-03 | $555,000 | 2,232 | 26.2% |
| 750 S 16TH ST | 2026-02 | $271,723 | 2,235 | 48.4% |
| 186 3RD ST | 2026-01 | $624,999 | 2,186 | 24.2% |
| 760 MT PROSPECT AVE | 2026-04 | $500,000 | 2,343 | 42.3% |
| 44 ELLIOTT ST | 2025-03 | $675,000 | 2,250 | 31.3% |
| 663 S 15TH ST | 2025-11 | $710,000 | 2,140 | 38.3% |
| 132 WAKEMAN AVE | 2025-02 | $630,000 | 2,290 | 25.6% |
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