The Fair Share Report
46 Storms 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 $398,711 – $455,487, 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 $428,693 home should be assessed near $233,252.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,252 below what the ratio math suggests (26.7%).
Step 4 · The tax rate — same for every Wanaque home
$2.486 Schools · 55% $0.828 County · 18% $1.227 Town · 27%
This home's own bill implies $4.395 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wanaque sale · assessed ÷ market
32%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 |
|---|---|---|---|---|
| 5 RHINESMITH AVE | 2025-08 | $500,000 | 990 | 38.1% |
| 13 FRANKLIN PLACE | 2025-07 | $450,000 | 1,128 | 42.8% |
| 9 EAST ST | 2025-06 | $449,000 | 984 | 42.3% |
| 1192 RINGWOOD AVE | 2025-02 | $450,000 | 1,122 | 44.3% |
| 24 ROSELAND AVE | 2026-04 | $385,000 | 1,066 | 44.3% |
| 36 WILLOW WAY | 2026-02 | $630,000 | 1,438 | 40.8% |
| 23 COLFAX AVE | 2025-06 | $600,000 | 1,520 | 41.0% |
| 6 ADAMS ST | 2025-01 | $450,000 | 1,126 | 43.7% |
| 38 WANAQUE AVE | 2026-03 | $550,000 | 1,056 | 35.0% |
| 45 BERGEN AVE | 2025-11 | $475,000 | 1,056 | 41.8% |
| 149 JACKSON ST | 2025-09 | $450,000 | 1,056 | 42.4% |
| 83 BURNSIDE PLACE | 2025-07 | $450,000 | 1,056 | 38.5% |
Is this your house?
Run your own report →