The Fair Share Report
58 Lyons 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 $458,361 – $725,271, 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 $631,200 home should be assessed near $256,835.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $98,835 below what the ratio math suggests (38.5%).
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
16%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 |
|---|---|---|---|---|
| 44 ELLIOTT ST | 2025-03 | $675,000 | 2,250 | 31.3% |
| 35 PALM ST | 2026-01 | $450,000 | 2,016 | 25.1% |
| 489-491 N 11TH ST | 2025-02 | $765,000 | 2,006 | 22.8% |
| 704-706 PARKER ST | 2026-05 | $280,000 | 2,105 | 72.3% |
| 422 JELLIFF AVE | 2025-04 | $515,000 | 2,182 | 62.1% |
| 103 SCHLEY ST | 2025-09 | $700,000 | 1,960 | 29.7% |
| 191 DEWEY ST | 2025-04 | $700,000 | 2,166 | 50.6% |
| 624 S 19TH ST | 2026-06 | $665,000 | 2,000 | 20.9% |
| 275 SMITH ST | 2025-01 | $525,000 | 2,068 | 37.7% |
| 59 ST FRANCIS ST | 2026-02 | $675,000 | 2,016 | 34.7% |
| 11 BOCK AVE | 2025-12 | $560,000 | 2,112 | 29.4% |
| 424 WALNUT ST | 2025-12 | $935,000 | 2,172 | 23.6% |
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