The Fair Share Report

153 Rt 284

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

≈ $471,449

Likely range $447,047 – $538,252, from 12 comparable Wantage sales in the past 18 months, at this home's 2,176 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 $471,449 home should be assessed near $304,556.

Step 3 · Assessed value

$310,200

Set at the last town-wide revaluation and mostly frozen since. That's $5,644 above what the ratio math suggests (1.9%).

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

$9,312/yr
Public schools$6,403
Sussex County$1,827
Town of Wantage$1,083
Wantage average$7,966

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

Town median 57.9%
This home · 65.8%

39%80%

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
135 NEILSON RD2025-08$459,0002,14064.3%
163 MUDTOWN RD2025-10$449,9992,17857.0%
65 HAGGERTY RD2025-04$405,0002,15763.3%
127 LAYTON RD2025-10$635,0002,13347.9%
21 FAIRCHILD LN2025-04$451,0002,15152.5%
72 DECKER RD2025-01$500,0002,25263.8%
14 SPRING HOLLOW RD2025-10$360,0002,12957.7%
87 MUDTOWN RD2026-06$530,0002,10245.1%
47 COURTLAND DR2025-05$540,0002,05852.8%
150 MT SALEM RD2025-01$225,0001,936110.3%
40 MEDAUGH RD2025-11$425,0001,94856.2%
90 LIBERTYVILLE RD2025-09$515,0002,08271.5%

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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 →