The Fair Share Report
24 Second 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 $607,206 – $692,843, from 12 comparable Wanaque sales in the past 18 months, at this home's 2,370 sq ft.
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 $671,013 home should be assessed near $365,098.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,598 below what the ratio math suggests (10.8%).
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 |
|---|---|---|---|---|
| 9 MC ATEE LANE | 2026-05 | $704,000 | 2,432 | 49.5% |
| 39 WOLFE DRIVE | 2025-03 | $620,000 | 2,488 | 54.6% |
| 34 MOUNTAIN AVE | 2026-04 | $700,000 | 2,080 | 41.2% |
| 39 LOVELL DRIVE | 2025-12 | $725,000 | 2,480 | 53.1% |
| 2 MILTON PLACE | 2025-07 | $640,000 | 2,498 | 43.4% |
| 32 NORTH GATE | 2025-08 | $735,000 | 2,596 | 52.7% |
| 1409 WARREN'S WAY | 2026-03 | $685,000 | 2,550 | 59.9% |
| 39 TREMONT TERRACE | 2025-02 | $650,000 | 2,362 | 46.0% |
| 32 SCHIRRA DRIVE | 2026-06 | $735,000 | 2,340 | 43.0% |
| 12 MULLEN AVE | 2025-07 | $710,000 | 2,070 | 38.6% |
| 3200 WARREN'S WAY | 2026-05 | $600,000 | 2,119 | 53.3% |
| 2218 WARREN'S WAY | 2026-03 | $564,000 | 2,119 | 56.7% |
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