The Fair Share Report
596 3rd St
Newark, NJ 07107
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 $537,745 – $663,583, 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 $618,571 home should be assessed near $251,697.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,703 above what the ratio math suggests (4.3%).
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 |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 102 S 12TH ST | 2026-02 | $650,000 | 2,688 | 22.8% |
| 209 5TH ST | 2025-01 | $550,000 | 2,672 | 40.6% |
| 152 S 10TH ST | 2026-05 | $547,000 | 2,771 | 45.6% |
| 60 VERMONT AVE | 2026-02 | $760,000 | 2,677 | 19.9% |
| 618 N 7TH ST | 2025-01 | $50,000 | — | 64.8% |
| 18 WILLOUGHBY ST | 2025-02 | $515,000 | 2,649 | 55.9% |
| 286 N 6TH ST | 2025-03 | $750,000 | 2,647 | 27.2% |
| 74 BEVERLY ST | 2025-03 | $540,000 | 2,667 | 62.5% |
| 165 SHERMAN AVE | 2025-08 | $595,000 | 2,600 | 35.0% |
| 125 PARK AVE | 2025-09 | $540,000 | 2,627 | 25.4% |
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