The Fair Share Report
16 Storms Ave
Wanaque, NJ 07420
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 $448,406 – $546,928, 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 $460,054 home should be assessed near $250,315.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,485 above what the ratio math suggests (4.6%).
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
33%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 |
|---|---|---|---|---|
| 15 FIRST AVE | 2026-06 | $290,000 | 1,829 | 86.8% |
| 50 GREENWOOD AVE | 2025-05 | $565,000 | 1,856 | 43.6% |
| 23 COLFAX AVE | 2025-06 | $600,000 | 1,520 | 41.0% |
| 8415 WARREN'S WAY | 2026-03 | $470,000 | 1,910 | 62.5% |
| 4315 WARREN'S WAY | 2025-12 | $475,000 | 1,910 | 63.2% |
| 5309 WARREN'S WAY | 2025-03 | $555,000 | 1,910 | 54.0% |
| 8215 WARREN'S WAY | 2025-03 | $470,000 | 1,910 | 61.6% |
| 48 WILLOW WAY | 2025-12 | $600,000 | 1,778 | 43.3% |
| 5205 WARREN'S WAY | 2026-06 | $459,000 | 1,768 | 58.8% |
| 10123 WARREN'S WAY | 2026-06 | $395,000 | 1,768 | 64.7% |
| 1116 WARREN'S WAY | 2026-06 | $369,000 | 1,768 | 75.7% |
| 5408 WARREN'S WAY | 2026-04 | $446,000 | 1,768 | 60.5% |
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