The Fair Share Report
77 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 $406,043 – $519,646, from 12 comparable Newark sales in the past 18 months, at this home's 1,747 sq ft.
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 $468,596 home should be assessed near $190,672.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,872 below what the ratio math suggests (30.9%).
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 |
|---|---|---|---|---|
| 25 PARK VIEW TERR | 2025-01 | $426,000 | 1,743 | 34.6% |
| 282 WEEQUAHIC AVE | 2025-05 | $560,000 | 1,775 | 20.8% |
| 53 EASTERN PKWY | 2025-06 | $525,000 | 1,765 | 30.6% |
| 53 EASTERN PKWY | 2025-02 | $317,500 | 1,765 | 50.6% |
| 2-4 MIDLAND PL | 2024-12 | $468,000 | 1,728 | 34.4% |
| 46-48 LONGFELLOW AVE | 2025-05 | $489,000 | 1,770 | 33.7% |
| 160 GOLDSMITH AVE | 2026-01 | $400,000 | 1,868 | 34.9% |
| 117 LEHIGH AVE | 2026-01 | $480,000 | 1,722 | 49.4% |
| 245-247 KERRIGAN BLVD | 2025-08 | $590,000 | 1,684 | 49.2% |
| 486-488 S 20TH ST | 2025-02 | $485,000 | 1,852 | 52.5% |
| 890 S 19TH ST | 2026-05 | $200,000 | 1,701 | 65.0% |
| 432 3RD AVE W | 2025-02 | $437,750 | 1,632 | 38.2% |
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