The Fair Share Report
11 E St
Wanaque, NJ 07465
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 $452,534 – $566,166, from 12 comparable Wanaque sales in the past 18 months, at this home's 1,410 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Wanaque assessments sit below market value — republished every October, applied town-wide. A $514,286 home should be assessed near $279,823.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,923 below what the ratio math suggests (21.4%).
Step 4 · The tax rate — same for every Wanaque home
$2.486 Schools · 55% $0.828 County · 18% $1.227 Town · 27%
Step 5 · The bill
This home vs. every recent Wanaque sale · assessed ÷ market
33%68%
Paying about right
This home's ratio lands inside Wanaque's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 17 LOCUST ST | 2025-02 | $550,000 | 1,512 | 36.5% |
| 126 JEFFERSON ST | 2026-05 | $475,000 | 1,480 | 40.9% |
| 49 HASKELL AVE | 2025-08 | $381,000 | 1,468 | 57.6% |
| 11 GEORGE ST | 2025-11 | $575,000 | 1,432 | 35.8% |
| 12 FRANKLIN PLACE | 2026-01 | $428,000 | 1,410 | 55.1% |
| 1192 RINGWOOD AVE | 2025-02 | $450,000 | 1,122 | 44.3% |
| 117 MIDVALE AVE | 2025-08 | $525,000 | 1,382 | 39.9% |
| 13 FRANKLIN PLACE | 2025-07 | $450,000 | 1,128 | 42.8% |
| 105 ANN ST | 2025-06 | $600,000 | 1,382 | 39.5% |
| 19 BORMAN DRIVE | 2025-07 | $605,000 | 1,464 | 42.7% |
| 50 FOURTH AVE | 2025-02 | $480,000 | 1,316 | 41.6% |
| 15 FIRST AVE | 2026-06 | $290,000 | 1,829 | 86.8% |
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