The Fair Share Report

52 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.

Step 1 · Market value

≈ $550,622

Likely range $477,287 – $637,055, from 12 comparable Wantage sales in the past 18 months, at this home's 2,480 sq ft.

Step 2 · The Director's Ratio

64.60%

The state's official measure of how far Wantage assessments sit below market value — republished every October, applied town-wide. A $550,622 home should be assessed near $355,702.

Step 3 · Assessed value

$357,100

Set at the last town-wide revaluation and mostly frozen since. That's $1,398 above what the ratio math suggests (0.4%).

Step 4 · The tax rate — same for every Wantage home

$3.002 per $100 assessed

$2.064 Schools · 69% $0.589 County · 20% $0.349 Town · 12%

Step 5 · The bill

$10,720/yr
Public schools$7,371
Sussex County$2,103
Town of Wantage$1,246
Wantage average$7,966

This home vs. every recent Wantage sale · assessed ÷ market

Town median 57.9%
This home · 64.9%

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)

AddressSoldPriceSq ftRatio
85 BRINK RD2025-04$510,0002,58052.5%
33 QUARRY RD2025-12$580,0002,57649.6%
23 NORTH FIELD DR2026-06$650,0002,45063.8%
23 ESTATE DR2025-07$635,0002,47251.1%
20 NORTH FIELD DR2025-12$590,0002,39656.2%
154 SALLY HARDEN RD2025-07$505,0002,62464.7%
6 CLYDESDALE RIDGE RD2026-06$710,0002,56348.4%
110 MUDTOWN RD2025-08$505,0002,63870.6%
6 GLORY LN2025-07$539,9002,79364.5%
64 MUDTOWN RD2025-04$520,0002,79063.2%
72 DECKER RD2025-01$500,0002,25263.8%
163 MUDTOWN RD2025-10$449,9992,17857.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →