The Fair Share Report
3 First St
Wanaque, NJ 07465
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 $435,398 – $594,690, from 12 comparable Wanaque sales in the past 18 months, at this home's 1,440 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 $560,000 home should be assessed near $304,696.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,096 below what the ratio math suggests (21.4%).
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 |
|---|---|---|---|---|
| 36 WILLOW WAY | 2026-02 | $630,000 | 1,438 | 40.8% |
| 18 MULLEN AVE | 2025-02 | $452,500 | 1,461 | 44.5% |
| 44 LAKESIDE AVE | 2025-05 | $350,000 | 1,478 | 64.1% |
| 10 EVERGREEN AVE | 2025-07 | $500,000 | 1,404 | 36.1% |
| 25 BERGEN AVE | 2025-11 | $560,000 | 1,440 | 40.7% |
| 7 DENA DRIVE | 2025-12 | $414,100 | 1,448 | 53.0% |
| 6 EVERGREEN AVE | 2026-06 | $560,000 | 1,356 | 38.6% |
| 29 EVERGREEN AVE | 2026-03 | $525,000 | 1,305 | 38.4% |
| 86 BURNSIDE PLACE | 2026-03 | $612,000 | 1,380 | 36.5% |
| 26 DENA DRIVE | 2025-09 | $410,000 | 1,356 | 52.9% |
| 2 ROGER AVE | 2026-04 | $530,000 | 1,292 | 37.4% |
| 31 SMITH AVE | 2025-08 | $600,000 | 1,452 | 39.2% |
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