The Fair Share Report
562 Rt 519
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 $361,515 – $506,817, 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 $448,542 home should be assessed near $289,758.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,358 below what the ratio math suggests (16.3%).
Step 4 · The tax rate — same for every Wantage home
$2.064 Schools · 69% $0.589 County · 20% $0.349 Town · 12%
This home's own bill implies $2.899 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 68 HOLLAND RD | 2025-06 | $530,000 | 1,750 | 46.7% |
| 83 BRINK RD | 2025-10 | $449,000 | 1,712 | 53.0% |
| 2 COURTLAND DR | 2026-02 | $465,000 | 1,780 | 49.6% |
| 5 BUTTERNUT RD | 2026-03 | $490,000 | 1,738 | 56.3% |
| 166 MUDTOWN RD | 2026-04 | $328,000 | 1,828 | 70.2% |
| 37 FILE RD | 2026-02 | $341,650 | 1,607 | 63.3% |
| 12 AUGUST LN | 2026-06 | $485,000 | 1,672 | 52.7% |
| 87 MUDTOWN RD | 2026-06 | $530,000 | 2,102 | 45.1% |
| 102 BRINK RD | 2025-07 | $380,000 | 1,500 | 70.9% |
| 95 CRIGGER RD | 2025-02 | $442,000 | 1,468 | 60.0% |
| 84 ALDER TERR | 2025-09 | $312,000 | 1,452 | 59.3% |
| 171 MT SALEM RD | 2026-02 | $535,000 | 1,485 | 47.4% |
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