The Fair Share Report

19 Eileen Ct

Wharton, NJ 07885

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

≈ $511,347

Likely range $444,693 – $579,464, from 12 comparable Wharton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

92.46%

The state's official measure of how far Wharton assessments sit below market value — republished every October, applied town-wide. A $511,347 home should be assessed near $472,791.

Step 3 · Assessed value

$392,700

Set at the last town-wide revaluation and mostly frozen since. That's $80,091 below what the ratio math suggests (16.9%).

Step 4 · The tax rate — same for every Wharton home

$2.606 per $100 assessed

$1.736 Schools · 67% $0.250 County · 10% $0.620 Town · 24%

This home's own bill implies $2.433 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,554/yr
Public schools$6,364
Morris County$916
Town of Wharton$2,273
Wharton average$10,081

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

Town median 84.5%
This home · 76.8%

62%105%

Paying about right

This home's ratio lands inside Wharton'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
12 ATLANTA PL2025-02$505,0001,36683.8%
160 E CENTRAL AVE2025-01$500,0001,36684.7%
25 WABASH AVE2026-04$589,0001,36664.5%
178 BAKER AVE2025-05$555,0001,36681.7%
174 BAKER AVE2026-03$575,0001,36671.5%
12 SUNSET DR2026-05$611,0001,34473.2%
35 HANCE ST2025-04$450,0001,36877.9%
4 TERRY LN2026-04$626,0001,60681.0%
112 FERN AVE2026-01$400,0001,39293.3%
528 UPPER WAY2025-06$408,0001,45490.9%
24165 WEST VIEW2025-06$330,0001,473113.4%
11 CORNELL ST2025-06$650,0001,80082.1%

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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 →