Revaluation will eliminate both of these effects. That is, it will equalize effective rates within the city and between the city and the county. The tax rate changes from revaluation are likely to be capitalized to a large degree. More fairness within the city. There should be more faith in city government as everyone pays the same effective rate as his or her neighbor.
Losers are property owners in Newark who now have relatively low effective tax rates.
Winners are property owners in Newark who now have relatively high effective tax rates.