The Fair Share Report
5 Second 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 $516,966 – $668,466, 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 $605,769 home should be assessed near $329,599.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $80,799 below what the ratio math suggests (24.5%).
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
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 |
|---|---|---|---|---|
| 13 ROGER AVE | 2026-05 | $610,000 | 1,620 | 31.8% |
| 34 ST GEORGE PLACE | 2025-05 | $465,000 | 1,769 | 50.4% |
| 42 HASKELL AVE | 2026-06 | $527,500 | 1,630 | 41.5% |
| 14 FIFTH AVE | 2025-03 | $525,000 | 1,548 | 40.7% |
| 108 MIDVALE AVE | 2025-05 | $580,000 | 1,624 | 40.8% |
| 35 SMITH AVE | 2026-01 | $480,000 | 1,588 | 44.2% |
| 21 BARTHOLDI AVE | 2026-01 | $450,000 | 1,580 | 45.0% |
| 31 SMITH AVE | 2025-08 | $600,000 | 1,452 | 39.2% |
| 25 BERGEN AVE | 2025-11 | $560,000 | 1,440 | 40.7% |
| 48 WILLOW WAY | 2025-12 | $600,000 | 1,778 | 43.3% |
| 18 MULLEN AVE | 2025-02 | $452,500 | 1,461 | 44.5% |
| 90 BURNSIDE PLACE | 2025-11 | $550,000 | 1,336 | 38.2% |
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