The Fair Share Report
4 First St
Wanaque, NJ 07465
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 $420,090 – $564,865, from 12 comparable Wanaque sales in the past 18 months, at this home's 1,760 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 $447,964 home should be assessed near $243,737.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,863 above what the ratio math suggests (6.9%).
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
33%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 |
|---|---|---|---|---|
| 12 MULLEN AVE | 2025-07 | $710,000 | 2,070 | 38.6% |
| 15 FIRST AVE | 2026-06 | $290,000 | 1,829 | 86.8% |
| 17 LOCUST ST | 2025-02 | $550,000 | 1,512 | 36.5% |
| 49 HASKELL AVE | 2025-08 | $381,000 | 1,468 | 57.6% |
| 7 LOVELL DRIVE | 2025-12 | $515,000 | 1,746 | 47.2% |
| 126 JEFFERSON ST | 2026-05 | $475,000 | 1,480 | 40.9% |
| 190 MEADOWBROOK AVE | 2026-01 | $622,000 | 1,802 | 45.8% |
| 5205 WARREN'S WAY | 2026-06 | $459,000 | 1,768 | 58.8% |
| 10123 WARREN'S WAY | 2026-06 | $395,000 | 1,768 | 64.7% |
| 1116 WARREN'S WAY | 2026-06 | $369,000 | 1,768 | 75.7% |
| 5408 WARREN'S WAY | 2026-04 | $446,000 | 1,768 | 60.5% |
| 7414 WARREN'S WAY | 2026-04 | $450,000 | 1,768 | 53.8% |
Is this your house?
Run your own report →