The Fair Share Report
75 3rd Ave
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 $357,602 – $591,357, 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 $425,281 home should be assessed near $173,047.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,747 below what the ratio math suggests (43.2%).
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
11%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 |
|---|---|---|---|---|
| 108 NICHOLS ST | 2025-05 | $667,000 | 1,486 | 34.6% |
| 201 N 11TH ST | 2025-07 | $440,000 | 1,432 | 18.8% |
| 216 S 11TH ST | 2026-03 | $380,000 | 1,491 | 25.2% |
| 216 S 11TH ST | 2025-01 | $210,000 | 1,491 | 45.5% |
| 151 DELAVAN AVE | 2025-02 | $380,000 | 1,464 | 33.8% |
| 157 BRILL ST | 2025-12 | $250,000 | 1,398 | 94.3% |
| 39 WARWICK ST | 2025-09 | $440,000 | 1,520 | 41.4% |
| 108 PEABODY PL | 2025-11 | $720,000 | 1,520 | 44.5% |
| 38 ISABELLA AVE | 2025-01 | $425,000 | 1,512 | 25.3% |
| 854 S 14TH ST | 2025-06 | $220,000 | 1,526 | 52.4% |
| 500 S 12TH ST | 2025-02 | $410,000 | 1,422 | 44.8% |
| 915 LAKE ST | 2025-07 | $390,000 | 1,544 | 31.8% |
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