The Fair Share Report

151 Decker Rd

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

≈ $506,115

Likely range $451,120 – $610,782, from 12 comparable Wantage sales in the past 18 months (home size estimated from assessor data — range widened).

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 $506,115 home should be assessed near $326,950.

Step 3 · Assessed value

$380,500

Set at the last town-wide revaluation and mostly frozen since. That's $53,550 above what the ratio math suggests (16.4%).

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

$11,423/yr
Public schools$7,854
Sussex County$2,241
Town of Wantage$1,328
Wantage average$7,966

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

Town median 57.9%
This home · 75.2%

39%90%

Paying about right

This home's ratio lands inside Wantage's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
58 ARMSTRONG RD2026-06$400,0002,53293.5%
61 COYKENDALL RD2026-05$650,0002,48047.0%
28 SALLY HARDEN RD2025-04$635,0002,37660.0%
105 VALLEY RD2026-06$540,0002,46451.3%
13 GATHERING RD2025-07$450,0002,29860.8%
23 AMERICAN WAY2025-02$476,5002,29861.8%
21 FAIRCHILD LN2025-04$451,0002,15152.5%
14 SPRING HOLLOW RD2025-10$360,0002,12957.7%
161 NEILSON RD2025-07$485,0001,90462.1%
21 PROSPECT CI2026-01$450,0002,07752.6%
19 PROSPECT CI2026-04$450,0002,07752.6%
146 SALLY HARDEN RD2025-05$655,0002,44457.9%

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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 →