The Fair Share Report
59 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 $773,411 – $925,882, 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 $814,575 home should be assessed near $331,451.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,351 below what the ratio math suggests (11.9%).
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%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 |
|---|---|---|---|---|
| 15-17 WHARTON ST | 2026-04 | $915,000 | 3,064 | 30.8% |
| 170 JOHNSON AVE | 2026-02 | $800,000 | 2,964 | 32.5% |
| 83 FARLEY AVE | 2025-01 | $785,000 | 2,972 | 35.8% |
| 357 NEW YORK AVE | 2026-06 | $995,000 | 2,976 | 32.0% |
| 85 FARLEY AVE | 2025-01 | $785,000 | 2,964 | 35.8% |
| 744-746 S 12TH ST | 2025-04 | $875,000 | 3,078 | 30.4% |
| 14 SEABURY CT | 2025-12 | $920,000 | 3,136 | 31.9% |
| 408-410 S 19TH ST | 2026-04 | $825,000 | 3,152 | 27.1% |
| 25 SEABURY ST | 2025-09 | $864,000 | 3,136 | 55.4% |
| 100-102 ST FRANCIS ST | 2025-05 | $1,225,000 | 3,064 | 27.5% |
| 174-176 KEER AVE | 2025-07 | $900,000 | 2,992 | 32.9% |
| 803-805 S 14TH ST | 2025-07 | $700,000 | 3,141 | 40.5% |
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