The Fair Share Report
55 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 $349,677 – $629,398, from 12 comparable Newark sales in the past 18 months, at this home's 1,780 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 $448,541 home should be assessed near $182,511.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,811 below what the ratio math suggests (27.8%).
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
15%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 |
|---|---|---|---|---|
| 238 N 6TH ST | 2026-03 | $380,000 | 1,680 | 28.6% |
| 288- GARSIDE ST | 2025-05 | $411,000 | 1,674 | 29.1% |
| 242 N 6TH ST | 2025-04 | $475,000 | 1,885 | 33.4% |
| 170 CHRISTIE ST | 2025-12 | $490,000 | 1,612 | 28.2% |
| 418 SUMMER AVE | 2025-07 | $605,000 | 1,711 | 17.9% |
| 114 PEABODY PL | 2025-10 | $205,000 | 1,862 | 54.3% |
| 140 SHERMAN AVE | 2025-09 | $106,000 | 1,620 | 92.5% |
| 6 MILLER ST | 2025-02 | $420,000 | 1,846 | 33.0% |
| 14-16 DAVENPORT AVE | 2026-05 | $350,000 | 1,824 | 37.5% |
| 19 KOMORN ST | 2026-03 | $650,000 | 1,784 | 35.1% |
| 245 ELM ST | 2025-03 | $675,000 | 1,864 | 24.3% |
| 260 N 7TH ST | 2025-10 | $365,000 | 1,858 | 50.2% |
Is this your house?
Run your own report →