The Fair Share Report

213 E View

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

≈ $487,093

Likely range $438,287 – $536,566, 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 $487,093 home should be assessed near $450,366.

Step 3 · Assessed value

$346,900

Set at the last town-wide revaluation and mostly frozen since. That's $103,466 below what the ratio math suggests (23.0%).

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 $2.565 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,896/yr
Public schools$5,926
Morris County$853
Town of Wharton$2,117
Wharton average$10,081

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

Town median 84.5%
This home · 71.2%

59%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
528 UPPER WAY2025-06$408,0001,45490.9%
24165 WEST VIEW2025-06$330,0001,473113.4%
329 N MAIN ST2026-04$390,0001,19795.3%
748 UPPER WAY2026-05$390,0001,19492.4%
1487 TOP SIDE2025-04$374,0001,17831.7%
18109 WEST VIEW2026-06$400,0001,19796.9%
23155 WEST VIEW2026-03$416,0001,17884.5%
22146 WEST VIEW2025-04$405,0001,17892.0%
3 COLUMBIA ST2025-06$580,0001,79279.1%
65 MICHIGAN AVE2025-04$575,0001,92468.6%
12 ATLANTA PL2025-02$505,0001,36683.8%
160 E CENTRAL AVE2025-01$500,0001,36684.7%

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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 →