The Fair Share Report
8 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 $329,233 – $656,456, 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 $507,404 home should be assessed near $206,463.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $72,363 below what the ratio math suggests (35.0%).
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
15%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 |
|---|---|---|---|---|
| 29 HOMESTEAD PARK | 2026-05 | $260,000 | 1,872 | 49.9% |
| 306 S 19TH ST | 2026-01 | $625,000 | 1,894 | 20.5% |
| 50 BLUM ST | 2025-12 | $240,000 | 1,854 | 49.7% |
| 267 NEW YORK AVE | 2026-01 | $670,000 | 1,862 | 24.9% |
| 40 PINE GROVE TER | 2025-09 | $525,000 | 1,860 | 24.6% |
| 141 S 8TH ST | 2025-05 | $435,000 | 1,840 | 34.5% |
| 542 N 11TH ST | 2025-03 | $610,000 | 1,809 | 24.0% |
| 285 N 6TH ST | 2026-05 | $400,000 | 1,894 | 29.1% |
| 49-51 BEVERLY ST | 2026-04 | $80,000 | 1,774 | 340.9% |
| 390 N 6TH ST | 2025-07 | $660,000 | 1,858 | 18.6% |
| 497 7TH AVE W | 2026-05 | $382,000 | 1,916 | 53.1% |
| 38 KENT ST | 2025-09 | $635,000 | 1,930 | 20.9% |
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