Tax reassessment in Newark, NJ

One rule applies, with its citation below.

Research, not legal advice

These summaries are compiled from ordinance text and public sources and are dated at the point they were last checked. Rules change between checks — Newark replaced its whole registration regime in a single month — so confirm anything you are about to underwrite against the primary source or the municipal office named in the citation.

Assessments sit far below market, and a revaluation would reset them

Newarkmedium confidence

Verified on 2026-08-01 — 15 days ago.

Newark's equalization ratio is roughly 40.7%, far below the ~85% that triggers a state-ordered revaluation. On a revaluation, assessments reset to market and a Newark tax bill can rise on the order of 80%.

Read every Newark cap rate as pre-revaluation. The county average often quoted as 3.11% is an average, not this city's rate.

Equalization ratio: ~40.7% (2025)
Revaluation trigger: ~85%
Effective tax rate: 1.845% (2025), the cheapest in Essex County

Sources

NJ Division of Taxation — equalization and general tax rate tables

Every rule for Newark, NJ