Newark City NJ property tax rate 2025: 3.999
Newark City, Essex County. 46,675 parcels in the MOD-IV 2026 file. Rate shown is tax year 2025 (latest available — not yet matched to assessment year).
Assessments are tax year 2026; latest published general rate we have is 2025. Estimate uses that rate until the 2026 rate is loaded.
Newark City at a glance
46,675 parcels are on the 2026 file. The 2025 general rate is 3.999, and the prior rate on file is 3.803 for 2024. A typical class 2 assessment is $191,563. Usable sales with a 2025 deed: 984, median $550,000. The state construction file lists 21,260 permits here. The median class 2 house was built in 1922. A property page adds that parcel’s permits, flood zone, mapped flood elevation, and high and low ground. Owner names are not shown.
How to read a Newark City bill
This estimate multiplies a 2026 assessment file by a 2025 general rate of 3.999, so it is not a 2026 bill. The municipal bar is 58.0% and the school bar is 29.1%, under the Essex median school share of 51.8%. Vacant land is 52.8% of net assessed value and residential class 2 is 23.1%, so the shape of the bar is the tax base. Newark City’s FY2027 K–12 notice is $1,386,720,085. That notice is not the 29.1% and it is not a fourth slice.
Building permits in Newark City
The New Jersey construction-permit file lists 21,260 permits in Newark City. This file is a full record from 2021 on. Older permits are mostly missing. Work from before then can be missing here and still be at the Newark City construction office.
2025 general tax rate in Newark City: 3.999
This general rate is tax year 2025. The assessment file is 2026. It is not a 2026 bill.
In Essex County, the median municipality’s school share (rate year 2025) is 51.8%; this town is 29.1%. The largest slice here is municipal. State school aid is not in these bars — it reduces the school levy before the rate is struck. All Essex towns · How NJ taxes work.
The school percent is the local property-tax levy. The district for this municipality is Newark City (K-12), FY2027 K–12 aid $1,386,720,085. Those aid figures are not slices of these bars. Essex district table.
Prior year (2024) general rate: 3.803.
Tax on a $200,000 or $500,000 sale in Newark City
These figures use Newark City’s own ratio and general rate. How the same sale price is calculated for every town. This is not an appraisal and not a collector bill.
2025
A $500,000 sale at the 2025 ratio of 47.77% would be assessed at about $238,850. At the general rate of 3.999, the estimated tax is $9,552. A $200,000 sale at that same ratio and rate would be assessed at about $95,540, with an estimated tax of $3,821.
In Essex County for 2025, the $500,000 bill runs from $5,760 in Irvington Twp to $18,991 in Orange City Twp. The middle bill is $10,516 in West Caldwell Twp. All Essex towns.
See every New Jersey town on the same $200,000 and $500,000 sale for 2025.
Recent usable sales in Newark City
These are the five newest usable deeds on the 2026 file for Newark City. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded in town.
| Address | Deed date | Sale price | Net assessment |
|---|---|---|---|
| 121-123 NORMAN RD | 1/24/2026 | $550,000 | $273,700 |
| 154 COLUMBIA AVE | 12/23/2025 | $240,000 | $43,200 |
| 247 S 18TH ST | 12/15/2025 | $260,000 | $119,200 |
| 74 CHRISTIE ST | 12/5/2025 | $765,000 | $231,900 |
| 242 ALEXANDER ST | 12/5/2025 | $135,000 | $112,600 |
Owner names are not shown. The rate year and the assessment file year differ, so this table does not print an estimated tax. This is not a collector’s bill.
Highest estimated tax in Newark City: $29,697
Residential
The highest residential estimate in Newark City is $29,697 at 200-210 ELWOOD AVE E, on a net assessment of $742,600 and a 2025 general rate of 3.999.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 200-210 ELWOOD AVE E | 2 — Residential (four families or less) | $742,600 | 2025 | $29,697 |
| 46-48 POLK ST | 2 — Residential (four families or less) | $638,600 | 2025 | $25,538 |
| 293-301 DELAVAN AVE E | 2 — Residential (four families or less) | $638,500 | 2025 | $25,534 |
| 384 LAFAYETTE ST | 2 — Residential (four families or less) | $607,900 | 2025 | $24,310 |
| 68-74 BERKELEY AVE | 2 — Residential (four families or less) | $594,800 | 2025 | $23,786 |
Business
The highest business estimate in Newark City is $4,340,339 at 635-677 MAYOR GIBSON, on a net assessment of $108,535,600 and a 2025 general rate of 3.999.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 635-677 MAYOR GIBSON | 4A — Commercial | $108,535,600 | 2025 | $4,340,339 |
| 109-135 MARKET ST | 4A — Commercial | $97,000,000 | 2025 | $3,879,030 |
| 739-759 MAYOR GIBSON | 4A — Commercial | $95,297,300 | 2025 | $3,810,939 |
| 1135-1155 RAYMOND BLVD | 4A — Commercial | $90,000,000 | 2025 | $3,599,100 |
| 283-299 MARKET ST | 4A — Commercial | $74,141,800 | 2025 | $2,964,931 |
Owner names are not shown. Every parcel in this town uses the same rate, so the highest tax is the highest assessment. Commercial and industrial parcels (class 4A and 4B) are the business list. Apartment buildings are class 4C and are not in that list. This is not a collector’s bill.
Ratable base in Newark City, typical class 2 assessment $191,563
Class 2 residential in the MOD-IV file: 31,000 parcels, average net assessment $191,563.
How assessments changed
Class 2 residential net assessments changed from $5,923,725,000 to $5,935,916,700, up 0.2%, on 30,986 parcels that have both a prior net and a 2026 net. This is the assessment roll, not an appraisal.
Among 984 usable recorded sales whose latest deed on this file is in 2025, the median price is $550,000. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded that year.
Share of net assessed value by property class (MOD-IV). Not a school-quality rating.
| Class | Parcels | Net assessed | % of net |
|---|---|---|---|
| Residential 2 | 31,000 | $5,938,462,700 | 23.1% |
| Vacant land 1 | 8,571 | $13,594,725,900 | 52.8% |
| Commercial 4A | 4,693 | $3,707,171,600 | 14.4% |
| Industrial 4B | 977 | $1,407,383,900 | 5.5% |
| Apartment 4C | 1,233 | $1,072,005,100 | 4.2% |
| Other / unclassified other | 201 | $33,042,200 | 0.1% |
Housing stock in Newark City, median year built 1922
On the 2026 file, class 2 houses in Newark City with a year built have a median year of 1922, about 104 years old. Of those 30,823 houses, the largest share was built Before 1940. This is the assessor’s year built. It is not a ranking of towns.
By parcel count, Residential 66.4%, Vacant land 18.4%, Commercial 10.1%, Apartment 2.6%, Industrial 2.1%, Other / unclassified 0.4%. Those percentages are a count of parcels, not a share of tax dollars. The class table uses the tax-base share.
Year built
Assessor building line
Grouped from the assessor’s building abbreviation. One-family, two-family, and condo are the codes that read clearly. Other codes stay in their own group. This is not a bedroom count, and square feet are left off because most records do not include them.