The Fair Share Report
36 Summit Dr
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 $400,306 – $481,105, from 12 comparable Wantage sales in the past 18 months, at this home's 2,132 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 $461,916 home should be assessed near $298,398.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,698 below what the ratio math suggests (35.4%).
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
35%80%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wantage pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 48 NEEPAULIN DR | 2025-07 | $420,000 | 1,912 | 61.5% |
| 1 GERALDINE DR | 2025-05 | $445,000 | 1,972 | 52.0% |
| 26 UNION RD | 2026-05 | $375,000 | 2,136 | 67.4% |
| 14 SPRING HOLLOW RD | 2025-10 | $360,000 | 2,129 | 57.7% |
| 7 NEWMAN RD | 2026-03 | $375,000 | 1,900 | 61.6% |
| 21 FAIRCHILD LN | 2025-04 | $451,000 | 2,151 | 52.5% |
| 80 SCHAWUNGUNK TR | 2026-06 | $350,000 | 1,876 | 59.0% |
| 21 PROSPECT CI | 2026-01 | $450,000 | 2,077 | 52.6% |
| 19 PROSPECT CI | 2026-04 | $450,000 | 2,077 | 52.6% |
| 19 SPRING HOLLOW RD | 2025-02 | $400,000 | 2,034 | 45.0% |
| 55 WALNUT ST | 2025-09 | $515,000 | 2,298 | 62.2% |
| 65 HAGGERTY RD | 2025-04 | $405,000 | 2,157 | 63.3% |
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