The Fair Share Report
5 E Stuart St
Newton, NJ 07860
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 $185,524 – $247,068, from 5 comparable Newton sales in the past 18 months, at this home's 636 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 $195,225 home should be assessed near $175,000.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,600 above what the ratio math suggests (17.5%).
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 $2.482 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%116%
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 |
|---|---|---|---|---|
| 63 CARRIAGE LN | 2025-03 | $225,000 | 733 | 106.9% |
| 13 SUMMIT AVE | 2026-01 | $310,000 | 798 | 79.2% |
| 89 TRINITY ST | 2026-02 | $320,000 | 1,097 | 73.2% |
| 32 MASON AVE | 2026-03 | $370,000 | 916 | 81.2% |
| 20 MASON AVE | 2025-04 | $190,000 | 748 | 159.4% |
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