The Fair Share Report
12 Eileen Dr
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $704,127 – $835,419, from 12 comparable Wantage sales in the past 18 months, at this home's 3,448 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Wantage assessments sit below market value — republished every October, applied town-wide. A $775,412 home should be assessed near $500,916.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,284 above what the ratio math suggests (7.6%).
Step 4 · The tax rate — same for every Wantage home
$2.064 Schools · 69% $0.589 County · 20% $0.349 Town · 12%
Step 5 · The bill
This home vs. every recent Wantage sale · assessed ÷ market
39%82%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 MARC DR | 2025-11 | $660,000 | 2,724 | 55.4% |
| 74 ROSE MORROW RD | 2025-07 | $600,000 | 2,668 | 58.3% |
| 9 DUNN PL | 2025-08 | $603,000 | 2,496 | 59.7% |
| 17 MT SALEM | 2025-10 | $1,060,000 | 3,797 | 47.8% |
| 7 SOUTH FIELD DR | 2025-02 | $549,000 | 2,508 | 64.3% |
| 7 FLAGSTONE HILL RD | 2026-06 | $1,090,000 | 4,598 | 70.0% |
| 146 SALLY HARDEN RD | 2025-05 | $655,000 | 2,444 | 57.9% |
| 13 GATHERING RD | 2025-07 | $450,000 | 2,298 | 60.8% |
| 23 AMERICAN WAY | 2025-02 | $476,500 | 2,298 | 61.8% |
| 2 MARC DR | 2026-05 | $610,000 | 2,896 | 57.0% |
| 24 BEEMER RD | 2025-08 | $475,000 | 2,326 | 57.1% |
| 90 SHERMAN RIDGE RD | 2026-03 | $450,000 | 2,214 | 62.4% |
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