The Fair Share Report
29 Smith 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 $407,056 – $436,294, from 12 comparable Wanaque 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 Wanaque assessments sit below market value — republished every October, applied town-wide. A $425,417 home should be assessed near $231,469.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,769 below what the ratio math suggests (25.0%).
Step 4 · The tax rate — same for every Wanaque home
$2.486 Schools · 55% $0.828 County · 18% $1.227 Town · 27%
This home's own bill implies $4.397 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 38 WANAQUE AVE | 2026-03 | $550,000 | 1,056 | 35.0% |
| 83 BURNSIDE PLACE | 2025-07 | $450,000 | 1,056 | 38.5% |
| 31 BOULEVARD | 2025-04 | $415,000 | 945 | 41.4% |
| 21 ROCKRIDGE ROAD | 2025-08 | $460,000 | 1,092 | 38.2% |
| 149 JACKSON ST | 2025-09 | $450,000 | 1,056 | 42.4% |
| 32 SMITH AVE | 2025-06 | $470,000 | 1,173 | 42.4% |
| 57 BURNSIDE PLACE | 2025-06 | $440,000 | 1,056 | 38.8% |
| 45 BERGEN AVE | 2025-11 | $475,000 | 1,056 | 41.8% |
| 45 BERGEN AVE | 2025-06 | $433,900 | 1,056 | 45.8% |
| 38 ROCKRIDGE ROAD | 2025-07 | $463,038 | 1,152 | 42.7% |
| 24 ROSELAND AVE | 2026-04 | $385,000 | 1,066 | 44.3% |
| 55 SMITH AVE | 2026-06 | $450,000 | 1,212 | 47.6% |
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