The Fair Share Report
91 Wright St
Newark, NJ 07114
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 $360,866 – $452,839, 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 $421,366 home should be assessed near $171,454.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $79,754 below what the ratio math suggests (46.5%).
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%
Keep quiet and enjoy it
This home's assessment ratio sits below the Newark pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 601 S 18TH ST | 2026-03 | $200,000 | — | 19.0% |
| 134 LITTLETON AVE | 2025-10 | $550,000 | — | 4.8% |
| 273 LAKE ST | 2025-01 | $435,000 | 1,340 | 47.1% |
| 817 S 14TH ST | 2026-02 | $220,000 | 1,300 | 45.8% |
| 87 LITTLETON AVE | 2025-09 | $270,000 | 1,296 | 42.3% |
| 618 N 7TH ST | 2025-01 | $50,000 | — | 64.8% |
| 432- S 16TH ST | 2025-10 | $375,000 | 1,279 | 30.1% |
| 500 S 12TH ST | 2025-02 | $410,000 | 1,422 | 44.8% |
| 843 S 15TH ST | 2025-07 | $400,000 | 1,370 | 26.9% |
| 420 LAFAYETTE ST | 2026-01 | $650,000 | 1,280 | 50.1% |
| 212-214 NYE AVE | 2025-01 | $450,000 | 1,310 | 46.1% |
| 22 ELM ST | 2025-04 | $695,000 | — | 7.2% |
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