| Primary address | 502 Market Street, Newark |
| Zip code | 07105 |
| County | Essex |
| Municipality | Newark City |
| Block | 2001 |
| Lot | 1 |
| Qualifier | Register |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Current property tax | $0 |
| Building class | Commercial-Mixed Use (101) |
| Acreage | 0.065 |
| Exterior structural material | Register |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
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Assessed at $6,816,600, the tax amount paid for 502 Market Street, Newark, NJ 07105 is $272,595.
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Create a free account to view the complete sales history for 502 Market Street, Newark, including title documents, transfer conditions, mortgages and liens.
Access detailed property tax data for 502 Market Street, Newark, NJ 07105. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $272,596 |
| Current property tax | $0 |
| Market value | $6,816,600 |
Here's the assessment & property tax history for 502 Market Street, Newark, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2025 | $6,816,600 | $6,816,600 | 3.999 | $272,596 | +5.15% |
| 2024 | $6,816,600 | $6,816,600 | 3.803 | $259,235 | n/a |
| Total population | 57,093 |
| Median age | 34.2 |
| Average household income | $76,392 |
| Family households | 70.5% |
| Occupied housing units | 19,099 |
| Owner occupied units | 15.9% |
| People per household (average) | 2.83 |
| Median year structure built | 1971 |
| Median value for units with a mortgage | $489,900 |
| Median value for units without a mortgage | $457,600 |
Access the detailed traffic volume map for 502 Market Street, Newark to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
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Here are the neighbors for 502 Market Street, Newark.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 37-39 Freeman St, Newark | 1,240 | ||
| 17-21 Patterson St, Newark | 12/31/2025 | ||
| 359 Lafayette St, Newark | 357 | ||
| 369 3rd Ave W, Newark | 12/13/2023 | $1 | |
| 76 Fillmore St, Newark | 08/08/2024 | ||
| 25-27 Freeman St, Newark | 1,240 | ||
| 41-51 Wilson Ave, Newark | 768 | 01/07/2026 | $270,000 |
| 558-570 Market St, Newark | 1,945 | ||
| 556 Market St, Newark | |||
| 621-625 Market St, Newark | |||
| 63-69 Rome St, Newark | 06/02/2026 | $10 | |
| 39-45 Bruen St, Newark | 1,120 | ||
| 56-60 Ferguson St, Newark | 677 | ||
| 51 Bruen St, Newark | 1,025 | ||
| 29-31 Freeman St, Newark | 1,240 | ||
| 464 N 6th St, Newark | 1,800 | ||
| 33-35 Freeman St, Newark | 1,240 | 03/18/2021 | |
| 212-250 Rome St, Newark | 750 | ||
| 110 Bruen St, Newark | 614 | ||
| 371-373 3rd Ave W, Newark | 3,136 | 12/13/2023 | $1 |