The Fair Share Report
16 Summit 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 $327,579 – $500,293, from 12 comparable Wantage 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 Wantage assessments sit below market value — republished every October, applied town-wide. A $400,864 home should be assessed near $258,958.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,658 below what the ratio math suggests (18.4%).
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
37%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 NEWMAN RD | 2026-03 | $375,000 | 1,900 | 61.6% |
| 59 SOUTH SHORE DR | 2026-01 | $385,000 | 1,626 | 56.4% |
| 7 LOIS LN | 2025-10 | $440,000 | 1,484 | 57.9% |
| 48 NEEPAULIN DR | 2025-07 | $420,000 | 1,912 | 61.5% |
| 14 COVE LN | 2025-11 | $365,000 | 1,310 | 44.3% |
| 1 GERALDINE DR | 2025-05 | $445,000 | 1,972 | 52.0% |
| 122 RT 284 | 2025-03 | $390,000 | 1,300 | 58.3% |
| 80 SCHAWUNGUNK TR | 2026-06 | $350,000 | 1,876 | 59.0% |
| 313 RT 519 | 2025-08 | $195,000 | 1,290 | 100.3% |
| 81 CEMETERY RD | 2025-11 | $400,000 | 1,947 | 77.7% |
| 5 BUTTERNUT RD | 2026-03 | $490,000 | 1,738 | 56.3% |
| 12 AUGUST LN | 2026-06 | $485,000 | 1,672 | 52.7% |
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