The Fair Share Report
9 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 $214,263 – $606,470, 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 $442,534 home should be assessed near $180,067.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,367 below what the ratio math suggests (36.3%).
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
13%59%
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 |
|---|---|---|---|---|
| 57 WEEQUAHIC AVE | 2025-01 | $475,000 | 1,702 | 31.7% |
| 55 GOBLE ST | 2025-11 | $600,000 | 1,760 | 28.8% |
| 322 N 10TH ST | 2025-03 | $525,000 | 1,704 | 24.8% |
| 49-51 BEVERLY ST | 2026-04 | $80,000 | 1,774 | 340.9% |
| 77 S MUNN AVE | 2025-11 | $321,000 | 1,596 | 37.1% |
| 542 N 11TH ST | 2025-03 | $610,000 | 1,809 | 24.0% |
| 64 WILLOUGHBY ST | 2025-11 | $248,000 | 1,584 | 68.3% |
| 915 LAKE ST | 2025-07 | $390,000 | 1,544 | 31.8% |
| 50 BLUM ST | 2025-12 | $240,000 | 1,854 | 49.7% |
| 29 WHITE TER | 2026-03 | $590,000 | 1,684 | 20.8% |
| 267 NEW YORK AVE | 2026-01 | $670,000 | 1,862 | 24.9% |
| 22 HINSDALE PL | 2026-02 | $378,000 | 1,624 | 33.3% |
Is this your house?
Run your own report →