The Fair Share Report
48 Lowe Rd
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 $459,170 – $573,852, 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 $492,465 home should be assessed near $318,132.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,732 below what the ratio math suggests (2.4%).
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 |
|---|---|---|---|---|
| 13 GATHERING RD | 2025-07 | $450,000 | 2,298 | 60.8% |
| 23 AMERICAN WAY | 2025-02 | $476,500 | 2,298 | 61.8% |
| 18 VANDERGOOT RD | 2025-10 | $495,000 | 2,254 | 62.0% |
| 4 DYER ROAD | 2025-04 | $550,000 | 2,226 | 56.0% |
| 21 FAIRCHILD LN | 2025-04 | $451,000 | 2,151 | 52.5% |
| 23 NORTH FIELD DR | 2026-06 | $650,000 | 2,450 | 63.8% |
| 14 SPRING HOLLOW RD | 2025-10 | $360,000 | 2,129 | 57.7% |
| 72 DECKER RD | 2025-01 | $500,000 | 2,252 | 63.8% |
| 24 BEEMER RD | 2025-08 | $475,000 | 2,326 | 57.1% |
| 21 PROSPECT CI | 2026-01 | $450,000 | 2,077 | 52.6% |
| 87 MUDTOWN RD | 2026-06 | $530,000 | 2,102 | 45.1% |
| 163 MUDTOWN RD | 2025-10 | $449,999 | 2,178 | 57.0% |
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