The Fair Share Report
65 Unity Ave
Newark, NJ 07106
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 $408,870 – $511,529, 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 $471,760 home should be assessed near $191,959.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,059 below what the ratio math suggests (46.9%).
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
14%58%
Keep quiet and enjoy it
This home's assessment ratio sits below the Newark pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 237-239 ELLERY AVE | 2026-03 | $155,000 | 1,665 | 97.6% |
| 296-298 N 11TH ST | 2025-06 | $480,000 | 1,555 | 33.4% |
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
| 331 ELLERY AVE | 2026-05 | $498,000 | 1,606 | 28.5% |
| 357 N 11TH ST | 2026-02 | $510,000 | 1,568 | 32.1% |
| 432 3RD AVE W | 2025-02 | $437,750 | 1,632 | 38.2% |
| 5 TIFFANY BLVD | 2025-05 | $450,000 | 1,648 | 32.1% |
| 280 ELLERY AVE | 2025-02 | $480,000 | 1,631 | 31.3% |
| 23-25 CRESCENT AVE | 2025-11 | $380,000 | 1,568 | 36.4% |
| 154 COLUMBIA AVE | 2026-06 | $525,000 | 1,674 | 8.2% |
| 71-73 OAKLAND TERR | 2026-03 | $570,000 | 1,619 | 27.0% |
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