The Fair Share Report

39 Kitchell Ave

Wharton, NJ 07885

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.

Step 1 · Market value

≈ $496,475

Likely range $373,728 – $539,642, from 12 comparable Wharton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

92.46%

The state's official measure of how far Wharton assessments sit below market value — republished every October, applied town-wide. A $496,475 home should be assessed near $459,041.

Step 3 · Assessed value

$375,000

Set at the last town-wide revaluation and mostly frozen since. That's $84,041 below what the ratio math suggests (18.3%).

Step 4 · The tax rate — same for every Wharton home

$2.606 per $100 assessed

$1.736 Schools · 67% $0.250 County · 10% $0.620 Town · 24%

This home's own bill implies $2.411 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,040/yr
Public schools$6,022
Morris County$867
Town of Wharton$2,151
Wharton average$10,081

This home vs. every recent Wharton sale · assessed ÷ market

Town median 84.5%
This home · 75.5%

63%106%

Paying about right

This home's ratio lands inside Wharton's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
36 KITCHELL AVE2026-04$500,0001,29283.1%
20 E CLARENCE ST2025-03$525,0001,45479.6%
14 OAK LN2026-03$535,0001,43674.4%
40 IRONDALE RD2025-01$451,0001,47185.8%
9 KITCHELL AVE2025-04$450,0001,59388.3%
66 W CENTRAL AVE2025-04$530,0001,34075.8%
37 GARDEN AVE2026-01$460,0001,08368.3%
104 E CENTRAL AVE2026-05$474,0001,51269.9%
4 KITCHELL AVE2025-05$525,0002,00794.5%
112 FERN AVE2026-01$400,0001,39293.3%
528 UPPER WAY2025-06$408,0001,45490.9%
24165 WEST VIEW2025-06$330,0001,473113.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →