The Fair Share Report
53 Wright St
Newark, NJ 07114
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 $318,114 – $393,744, 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 $331,019 home should be assessed near $134,692.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,092 below what the ratio math suggests (89.2%).
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
0%58%
Keep quiet and enjoy it
This home's assessment ratio sits below the Newark pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 CALUMET ST | 2026-01 | $320,000 | 910 | 44.8% |
| 281 NEW YORK AVE | 2025-01 | $479,000 | 976 | 33.4% |
| 344 S 20TH ST | 2025-10 | $330,000 | 972 | 31.4% |
| 168 FAIRMOUNT AVE | 2025-05 | $242,000 | 1,040 | 31.4% |
| 146 HIGHLAND AVE | 2025-06 | $425,000 | 964 | 17.2% |
| 88 ST FRANCIS ST | 2025-10 | $370,000 | 990 | 58.8% |
| 264 MATTHEWS DR | 2026-04 | $345,000 | 1,048 | 31.9% |
| 45B WICKLIFFE ST | 2025-06 | $350,000 | 1,048 | 32.0% |
| 146- 4TH AVE | 2025-04 | $360,000 | 924 | 20.1% |
| 126 HIGHLAND AVE | 2025-12 | $310,000 | 932 | 34.6% |
| 342- S 20TH ST | 2025-07 | $430,000 | 930 | 19.4% |
| 21 ESTHER ST | 2025-11 | $120,000 | 930 | 103.8% |
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