The Fair Share Report
388 Rt 565
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 $267,016 – $418,625, from 12 comparable Wantage 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 Wantage assessments sit below market value — republished every October, applied town-wide. A $370,294 home should be assessed near $239,210.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,810 below what the ratio math suggests (22.9%).
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 |
|---|---|---|---|---|
| 100 GEMMER RD | 2025-04 | $280,000 | 1,400 | 66.8% |
| 14 COVE LN | 2025-11 | $365,000 | 1,310 | 44.3% |
| 313 RT 519 | 2025-08 | $195,000 | 1,290 | 100.3% |
| 122 RT 284 | 2025-03 | $390,000 | 1,300 | 58.3% |
| 59 DECKER RD | 2025-05 | $550,000 | 1,399 | 44.4% |
| 15 MUDTOWN RD | 2025-02 | $390,000 | 1,260 | 54.1% |
| 211 RT 565 | 2025-09 | $390,000 | 1,140 | 56.1% |
| 37 FILE RD | 2026-02 | $341,650 | 1,607 | 63.3% |
| 84 ALDER TERR | 2025-09 | $312,000 | 1,452 | 59.3% |
| 3 SMITH RD | 2025-12 | $363,000 | 1,340 | 66.6% |
| 5 BUTTERNUT RD | 2026-03 | $490,000 | 1,738 | 56.3% |
| 3 GERALDINE DR | 2025-06 | $425,822 | 1,228 | 50.8% |
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