The Fair Share Report
7 Ruby Pl
Newark, NJ 07104
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 $273,692 – $478,750, 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 $378,992 home should be assessed near $154,212.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,012 below what the ratio math suggests (44.8%).
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
12%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 |
|---|---|---|---|---|
| 22-24 PINE GROVE TERR | 2026-05 | $555,000 | 1,444 | 34.0% |
| 577 N 9TH ST | 2026-03 | $610,000 | 1,496 | 21.7% |
| 352 N 12TH ST | 2026-04 | $445,000 | 1,493 | 34.4% |
| 109 ALEXANDER ST | 2025-12 | $290,000 | 1,412 | 38.6% |
| 169 VERMONT AVE | 2025-04 | $425,000 | 1,494 | 40.9% |
| 108 11TH AVE | 2025-12 | $289,756 | 1,461 | 33.8% |
| 778 S 16TH ST | 2025-01 | $340,000 | 1,536 | 41.8% |
| 132 BADGER AVE | 2025-01 | $385,000 | 1,598 | 66.5% |
| 149 SMITH ST | 2026-03 | $451,000 | 1,428 | 44.8% |
| 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% |
| 300 SMITH ST | 2025-02 | $360,000 | 1,386 | 38.0% |
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