The Fair Share Report
3 Mann Pl
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 $473,662 – $607,444, from 12 comparable Wanaque sales in the past 18 months, at this home's 1,562 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 $521,057 home should be assessed near $283,507.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,307 below what the ratio math suggests (22.0%).
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
31%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 |
|---|---|---|---|---|
| 11 GEORGE ST | 2025-11 | $575,000 | 1,432 | 35.8% |
| 126 JEFFERSON ST | 2026-05 | $475,000 | 1,480 | 40.9% |
| 29 COLFAX AVE | 2026-01 | $425,000 | 1,435 | 48.3% |
| 17 LOCUST ST | 2025-02 | $550,000 | 1,512 | 36.5% |
| 21 BARTHOLDI AVE | 2026-01 | $450,000 | 1,580 | 45.0% |
| 42 HASKELL AVE | 2026-06 | $527,500 | 1,630 | 41.5% |
| 35 SMITH AVE | 2026-01 | $480,000 | 1,588 | 44.2% |
| 25 BERGEN AVE | 2025-11 | $560,000 | 1,440 | 40.7% |
| 14 FIFTH AVE | 2025-03 | $525,000 | 1,548 | 40.7% |
| 3 FIRST ST | 2026-01 | $590,000 | 1,440 | 40.6% |
| 18 MULLEN AVE | 2025-02 | $452,500 | 1,461 | 44.5% |
| 13 FRANKLIN PLACE | 2025-07 | $450,000 | 1,128 | 42.8% |
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