The Fair Share Report
68 Lyons Ave
Newark, NJ 07112
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 $392,424 – $523,512, 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 $477,986 home should be assessed near $194,493.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,993 below what the ratio math suggests (29.8%).
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 |
|---|---|---|---|---|
| 152 IVY ST | 2026-02 | $465,000 | 1,915 | 35.5% |
| 152 IVY ST | 2025-08 | $435,000 | 1,915 | 37.9% |
| 160 GOLDSMITH AVE | 2026-01 | $400,000 | 1,868 | 34.9% |
| 209-211 VASSAR AVE | 2025-02 | $530,000 | 1,892 | 35.1% |
| 74 VERMONT AVE | 2025-01 | $475,000 | 1,909 | 54.8% |
| 69 MARION AVE | 2025-03 | $445,000 | 1,936 | 30.8% |
| 88-90 N 10TH ST | 2026-03 | $517,000 | 1,957 | 35.7% |
| 876-878 S 17TH ST | 2025-05 | $360,000 | 1,953 | 29.4% |
| 430 N 7TH ST | 2025-01 | $750,000 | 1,960 | 19.6% |
| 51-53 WEST END AVE | 2026-03 | $495,000 | 1,852 | 41.0% |
| 149-151 DEWEY ST | 2025-12 | $635,000 | 2,032 | 23.4% |
| 164 N 7TH ST | 2025-07 | $345,000 | 1,961 | 49.8% |
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