The Fair Share Report
313 Rt 519
Wantage, NJ 07461
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 $335,016 – $441,316, from 12 comparable Wantage sales in the past 18 months, at this home's 1,290 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Wantage assessments sit below market value — republished every October, applied town-wide. A $387,000 home should be assessed near $250,002.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,502 below what the ratio math suggests (21.8%).
Step 4 · The tax rate — same for every Wantage home
$2.064 Schools · 69% $0.589 County · 20% $0.349 Town · 12%
Step 5 · The bill
This home vs. every recent Wantage sale · assessed ÷ market
39%80%
Paying about right
This home's ratio lands inside Wantage'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 |
|---|---|---|---|---|
| 122 RT 284 | 2025-03 | $390,000 | 1,300 | 58.3% |
| 14 COVE LN | 2025-11 | $365,000 | 1,310 | 44.3% |
| 100 GEMMER RD | 2025-04 | $280,000 | 1,400 | 66.8% |
| 15 MUDTOWN RD | 2025-02 | $390,000 | 1,260 | 54.1% |
| 53 WALNUT ST | 2026-04 | $335,535 | 1,292 | 38.7% |
| 3 GERALDINE DR | 2025-06 | $425,822 | 1,228 | 50.8% |
| 211 RT 565 | 2025-09 | $390,000 | 1,140 | 56.1% |
| 720 RT 519 | 2026-06 | $350,000 | 1,020 | 58.5% |
| 7 LOIS LN | 2025-10 | $440,000 | 1,484 | 57.9% |
| 7 COURTLAND DR | 2025-08 | $380,000 | 1,054 | 51.8% |
| 277 UNIONVILLE RD | 2025-05 | $260,000 | 860 | 60.7% |
| 59 DECKER RD | 2025-05 | $550,000 | 1,399 | 44.4% |
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