The Fair Share Report
91 Lyons 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 $433,450 – $612,262, 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 $540,962 home should be assessed near $220,117.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,117 below what the ratio math suggests (22.8%).
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 |
|---|---|---|---|---|
| 73-75 LESLIE ST | 2025-01 | $550,000 | 2,060 | 28.4% |
| 731-733 LAKE ST | 2025-06 | $730,000 | 2,116 | 24.7% |
| 881-883 S 15TH S | 2025-07 | $575,000 | 2,161 | 24.7% |
| 59-61 STENGEL AVE | 2025-12 | $450,000 | 2,054 | 34.1% |
| 21-23 VASSAR AVE | 2025-06 | $490,000 | 2,015 | 33.5% |
| 586-588 HAWTHORNE AVE | 2025-03 | $410,000 | 1,944 | 34.7% |
| 21-23 PORTER AVE | 2025-08 | $555,000 | 2,055 | 28.7% |
| 736-738 LAKE ST | 2026-04 | $550,000 | 2,210 | 39.3% |
| 47 FABYAN PL | 2025-12 | $620,500 | 2,171 | 32.1% |
| 573-575 13TH AVE | 2025-11 | $480,000 | 2,228 | 28.8% |
| 21-23 LESLIE ST | 2026-05 | $515,000 | 2,108 | 38.9% |
| 625-627 HIGHLAND AVE | 2026-02 | $680,000 | 2,207 | 36.6% |
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