The Fair Share Report

115 Rt 628

Wantage, NJ 07461

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.

Step 1 · Market value

≈ $425,129

Likely range $350,442 – $467,056, from 12 comparable Wantage sales in the past 18 months, at this home's 1,782 sq ft.

Step 2 · The Director's Ratio

64.60%

The state's official measure of how far Wantage assessments sit below market value — republished every October, applied town-wide. A $425,129 home should be assessed near $274,633.

Step 3 · Assessed value

$328,000

Set at the last town-wide revaluation and mostly frozen since. That's $53,367 above what the ratio math suggests (19.4%).

Step 4 · The tax rate — same for every Wantage home

$3.002 per $100 assessed

$2.064 Schools · 69% $0.589 County · 20% $0.349 Town · 12%

Step 5 · The bill

$9,847/yr
Public schools$6,770
Sussex County$1,932
Town of Wantage$1,145
Wantage average$7,966

This home vs. every recent Wantage sale · assessed ÷ market

Town median 57.9%
This home · 77.2%

39%99%

A touch high — worth watching

This home's ratio sits above most of Wantage, but doesn't clear NJ's legal appeal line (74.29%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
827 GREENVILLE RD2026-01$440,0001,53066.2%
161 NEILSON RD2025-07$485,0001,90462.1%
860 GREENVILLE RD2025-07$305,0001,74489.5%
84 ALDER TERR2025-09$312,0001,45259.3%
20 CENTRAL SCHOOL RD2025-09$475,0001,89064.5%
11 BRINK RD2026-05$410,6531,42657.3%
166 MUDTOWN RD2026-04$328,0001,82870.2%
19 SPRING HOLLOW RD2025-02$400,0002,03445.0%
58 ARMSTRONG RD2026-06$400,0002,53293.5%
2 COURTLAND DR2026-02$465,0001,78049.6%
61 COYKENDALL RD2026-05$650,0002,48047.0%
6 GERALDINE DR2025-09$465,0001,98269.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →