The Fair Share Report
83 Scheerer Ave
Newark, NJ 07103
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 $486,757 – $690,119, 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 $606,616 home should be assessed near $246,832.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,932 below what the ratio math suggests (30.4%).
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 |
|---|---|---|---|---|
| 106 SUMMER AVE | 2025-07 | $355,000 | 2,160 | 38.1% |
| 132 WAKEMAN AVE | 2025-02 | $630,000 | 2,290 | 25.6% |
| 396 CHESTNUT ST | 2025-01 | $690,000 | 2,202 | 46.4% |
| 96 HIGHLAND AVE | 2025-03 | $468,000 | 2,272 | 27.3% |
| 732 S 15TH ST | 2025-05 | $535,000 | 2,208 | 33.6% |
| 212-212- PARKER ST | 2025-03 | $500,000 | 2,148 | 25.2% |
| 402 CHESTNUT ST | 2025-07 | $700,000 | 2,240 | 32.1% |
| 59 WAKEMAN AVE | 2025-10 | $600,000 | 2,137 | 25.5% |
| 186 3RD ST | 2026-01 | $624,999 | 2,186 | 24.2% |
| 521 S 16TH ST | 2025-01 | $430,000 | 2,198 | 35.4% |
| 220 BROOKDALE AVE | 2026-01 | $675,000 | 2,216 | 23.0% |
| 424 WALNUT ST | 2025-12 | $935,000 | 2,172 | 23.6% |
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