The Fair Share Report
40 Maple Ave
Wanaque, NJ 07420
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 $540,136 – $628,501, from 12 comparable Wanaque 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 Wanaque assessments sit below market value — republished every October, applied town-wide. A $552,926 home should be assessed near $300,847.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,253 above what the ratio math suggests (7.7%).
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 |
|---|---|---|---|---|
| 34 MOUNTAIN AVE | 2026-04 | $700,000 | 2,080 | 41.2% |
| 39 WOLFE DRIVE | 2025-03 | $620,000 | 2,488 | 54.6% |
| 48 WILLOW WAY | 2025-12 | $600,000 | 1,778 | 43.3% |
| 10200 WARREN'S WAY | 2025-01 | $524,000 | 2,119 | 61.1% |
| 6200 WARREN'S WAY | 2025-03 | $525,000 | 2,119 | 61.0% |
| 4218 WARREN'S WAY | 2025-03 | $518,000 | 2,119 | 61.8% |
| 3200 WARREN'S WAY | 2026-05 | $600,000 | 2,119 | 53.3% |
| 3218 WARREN'S WAY | 2025-09 | $616,000 | 2,119 | 52.0% |
| 1 CHESTNUT STREET | 2025-04 | $550,000 | 2,398 | 54.4% |
| 2218 WARREN'S WAY | 2026-03 | $564,000 | 2,119 | 56.7% |
| 1200 WARREN'S WAY | 2025-01 | $535,000 | 2,119 | 59.8% |
| 1218 WARREN'S WAY | 2025-01 | $539,000 | 2,119 | 59.4% |
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