The Fair Share Report
14 Second 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 $435,611 – $553,249, from 12 comparable Wanaque sales in the past 18 months (home size estimated from assessor data — range widened).
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 $535,124 home should be assessed near $291,161.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $93,661 below what the ratio math suggests (32.2%).
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
30%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 |
|---|---|---|---|---|
| 11 GEORGE ST | 2025-11 | $575,000 | 1,432 | 35.8% |
| 107 MONROE ST | 2025-04 | $445,000 | 1,334 | 41.4% |
| 126 JEFFERSON ST | 2026-05 | $475,000 | 1,480 | 40.9% |
| 90 BURNSIDE PLACE | 2025-11 | $550,000 | 1,336 | 38.2% |
| 86 BURNSIDE PLACE | 2026-03 | $612,000 | 1,380 | 36.5% |
| 13 FRANKLIN PLACE | 2025-07 | $450,000 | 1,128 | 42.8% |
| 1192 RINGWOOD AVE | 2025-02 | $450,000 | 1,122 | 44.3% |
| 30 DECKER ROAD | 2026-04 | $575,000 | 1,256 | 40.2% |
| 25 BERGEN AVE | 2025-11 | $560,000 | 1,440 | 40.7% |
| 74 BURNSIDE PLACE | 2025-03 | $480,000 | 1,248 | 39.1% |
| 8 PHELAN COURT | 2025-04 | $515,000 | 1,240 | 36.1% |
| 29 COLFAX AVE | 2026-01 | $425,000 | 1,435 | 48.3% |
Is this your house?
Run your own report →