The Fair Share Report
58 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 $425,166 – $743,040, from 12 comparable Newark sales in the past 18 months, at this home's 2,024 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 $542,143 home should be assessed near $220,598.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,802 above what the ratio math suggests (23.9%).
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%70%
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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 64 KOSSUTH ST | 2025-10 | $585,000 | 2,066 | 28.6% |
| 176C PARKER ST | 2025-04 | $840,000 | 1,942 | 20.6% |
| 223 2ND ST | 2025-03 | $565,000 | 2,042 | 34.4% |
| 102 ORATON ST | 2025-08 | $405,000 | 1,928 | 31.2% |
| 232 SHERMAN AVE | 2026-05 | $540,000 | 2,016 | 36.1% |
| 92 JEFFERSON ST | 2025-12 | $710,000 | 1,934 | 28.8% |
| 368 ELM ST | 2026-04 | $817,000 | 2,180 | 22.5% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
| 106 S 11TH ST | 2026-06 | $400,000 | 1,943 | 36.3% |
| 31 5TH ST | 2025-09 | $175,000 | — | 10.6% |
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