The Fair Share Report
76 Scheerer 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 $412,247 – $637,542, 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 $528,706 home should be assessed near $215,130.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,630 below what the ratio math suggests (30.5%).
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 |
|---|---|---|---|---|
| 78-80 VAN NESS PL | 2025-04 | $520,000 | 1,971 | 34.8% |
| 69 OAKLAND TERR | 2025-07 | $445,000 | 2,036 | 36.6% |
| 876-878 S 17TH ST | 2025-05 | $360,000 | 1,953 | 29.4% |
| 23-25 GOTTHART ST | 2025-02 | $630,000 | 2,058 | 30.2% |
| 43 BRAGAW AVE | 2025-01 | $646,000 | 1,888 | 28.4% |
| 325 N 7TH ST | 2026-03 | $625,000 | 1,935 | 41.4% |
| 394 WALNUT ST | 2026-03 | $315,000 | 1,986 | 59.7% |
| 74 VERMONT AVE | 2025-01 | $475,000 | 1,909 | 54.8% |
| 78-80 N 9TH ST | 2025-03 | $295,000 | 1,966 | 43.5% |
| 160 PACIFIC ST | 2025-05 | $499,000 | 1,996 | 42.1% |
| 904 S 17TH ST | 2025-10 | $190,000 | — | 11.7% |
| 904 S 17TH ST | 2025-07 | $60,000 | — | 37.0% |
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