The Fair Share Report
6 Summit Dr
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 $288,545 – $405,625, 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 $371,330 home should be assessed near $239,879.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $109,679 below what the ratio math suggests (45.7%).
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
27%80%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wantage pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 84 ALDER TERR | 2025-09 | $312,000 | 1,452 | 59.3% |
| 40 ELKHORN TR | 2025-04 | $325,000 | 1,008 | 37.5% |
| 59 LAKEVIEW DR | 2025-11 | $220,000 | 1,105 | 52.2% |
| 31 BERGEN AVE | 2025-08 | $350,000 | 1,056 | 43.4% |
| 14 WOODLAND RD | 2025-02 | $330,000 | 1,030 | 46.7% |
| 3 GERALDINE DR | 2025-06 | $425,822 | 1,228 | 50.8% |
| 93 RT 284 | 2026-06 | $278,350 | 1,020 | 59.5% |
| 37 FAIRCHILD LN | 2025-10 | $360,000 | 1,509 | 53.2% |
| 29 HILLSIDE DR | 2026-03 | $340,000 | 984 | 40.9% |
| 7 COURTLAND DR | 2025-08 | $380,000 | 1,054 | 51.8% |
| 2 TOMAHAWK TR | 2026-02 | $340,000 | 836 | 44.5% |
| 720 RT 519 | 2026-06 | $350,000 | 1,020 | 58.5% |
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