The Fair Share Report
173 E Central Ave
Wharton, NJ 07003
The town catches up with market prices only once a year — and only based on the average change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Wharton's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $453,463 – $592,737, from 12 comparable Wharton 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 Wharton assessments sit below market value — republished every October, applied town-wide. A $523,060 home should be assessed near $483,621.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,821 below what the ratio math suggests (17.5%).
Step 4 · The tax rate — same for every Wharton home
$1.736 Schools · 67% $0.250 County · 10% $0.620 Town · 24%
This home's own bill implies $2.435 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wharton sale · assessed ÷ market
62%105%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 12 ATLANTA PL | 2025-02 | $505,000 | 1,366 | 83.8% |
| 160 E CENTRAL AVE | 2025-01 | $500,000 | 1,366 | 84.7% |
| 25 WABASH AVE | 2026-04 | $589,000 | 1,366 | 64.5% |
| 178 BAKER AVE | 2025-05 | $555,000 | 1,366 | 81.7% |
| 174 BAKER AVE | 2026-03 | $575,000 | 1,366 | 71.5% |
| 528 UPPER WAY | 2025-06 | $408,000 | 1,454 | 90.9% |
| 24165 WEST VIEW | 2025-06 | $330,000 | 1,473 | 113.4% |
| 4 TERRY LN | 2026-04 | $626,000 | 1,606 | 81.0% |
| 12 SUNSET DR | 2026-05 | $611,000 | 1,344 | 73.2% |
| 35 HANCE ST | 2025-04 | $450,000 | 1,368 | 77.9% |
| 40 IRONDALE RD | 2025-01 | $451,000 | 1,471 | 85.8% |
| 329 N MAIN ST | 2026-04 | $390,000 | 1,197 | 95.3% |
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