The Fair Share Report
67 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 $250,881 – $446,923, 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 $407,932 home should be assessed near $165,988.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,888 below what the ratio math suggests (57.8%).
Step 4 · The tax rate — same for every Newark home
$1.162 Schools · 29% $0.519 County · 13% $2.318 Town · 58%
This home's own bill implies $8.009 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Newark sale · assessed ÷ market
10%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 |
|---|---|---|---|---|
| 159-161 VERMONT AVE | 2025-10 | $245,000 | 1,472 | 49.7% |
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
| 22-24 PINE GROVE TERR | 2026-05 | $555,000 | 1,444 | 34.0% |
| 169 VERMONT AVE | 2025-04 | $425,000 | 1,494 | 40.9% |
| 215 ELLERY AVE | 2025-05 | $445,000 | 1,527 | 31.7% |
| 171-173 RENNER AVE | 2026-01 | $385,000 | 1,510 | 56.8% |
| 366 BADGER AVE | 2026-04 | $575,000 | 1,470 | 19.8% |
| 123 ALEXANDER ST | 2026-02 | $270,000 | 1,396 | 42.7% |
| 109 ALEXANDER ST | 2025-12 | $290,000 | 1,412 | 38.6% |
| 87-89 PINE GROVE TERR | 2025-08 | $290,000 | 1,456 | 41.8% |
| 87-89 PINE GROVE TERR | 2025-07 | $230,000 | 1,456 | 52.7% |
Is this your house?
Run your own report →