The Fair Share Report
59 Delancy St
Newark, NJ 08758
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 $356,069 – $508,118, 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 $422,233 home should be assessed near $171,807.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,707 below what the ratio math suggests (15.5%).
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
18%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 |
|---|---|---|---|---|
| 445 S 17TH ST | 2026-02 | $495,000 | 1,600 | 25.1% |
| 187 N 6TH ST | 2025-11 | $510,000 | 1,660 | 50.1% |
| 248- N 7TH ST | 2026-01 | $407,500 | 1,624 | 23.1% |
| 12 THOMAS ST | 2025-05 | $430,000 | 1,618 | 67.5% |
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 64 WILLOUGHBY ST | 2025-11 | $248,000 | 1,584 | 68.3% |
| 38 SCHALK ST | 2025-04 | $515,000 | 1,600 | 62.7% |
| 64 COLUMBIA AVE | 2026-01 | $710,000 | 1,506 | 33.3% |
| 362 SANDFORD AVE | 2025-12 | $440,000 | 1,568 | 26.5% |
| 830 S 15TH ST | 2025-04 | $370,000 | 1,578 | 30.8% |
| 432 S 18TH ST | 2025-05 | $388,850 | 1,456 | 57.9% |
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