The Fair Share Report
64 Wright St
Newark, NJ 07102
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 $698,854 – $808,282, 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 $785,531 home should be assessed near $319,633.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,133 below what the ratio math suggests (20.1%).
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% |
| 537 S 18TH ST | 2026-01 | $805,000 | 2,692 | 24.8% |
| 697 S 18TH ST | 2025-03 | $610,000 | 2,586 | 36.1% |
| 410 S 16TH ST | 2025-06 | $735,000 | 2,682 | 47.5% |
| 267 S 9TH ST | 2026-02 | $705,000 | 2,598 | 31.7% |
| 82 N 11TH ST | 2025-05 | $832,000 | 2,572 | 25.2% |
| 884 S 17TH ST | 2026-05 | $795,000 | 2,586 | 26.3% |
| 687 S 17TH ST | 2025-06 | $730,000 | 2,584 | 30.0% |
| 488 S 19TH ST | 2025-09 | $765,000 | 2,570 | 28.9% |
| 328 S 19TH ST | 2025-05 | $780,000 | 2,562 | 27.2% |
| 74 KENMORE AVE | 2025-07 | $690,000 | 2,558 | 31.7% |
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