The Fair Share Report

63 Pine St

Wharton, NJ 07885

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

≈ $302,547

Likely range $269,188 – $337,706, from 12 comparable Wharton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

92.46%

The state's official measure of how far Wharton assessments sit below market value — republished every October, applied town-wide. A $302,547 home should be assessed near $279,735.

Step 3 · Assessed value

$222,700

Set at the last town-wide revaluation and mostly frozen since. That's $57,035 below what the ratio math suggests (20.4%).

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

$2.606 per $100 assessed

$1.736 Schools · 67% $0.250 County · 10% $0.620 Town · 24%

This home's own bill implies $2.459 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$5,475/yr
Public schools$3,647
Morris County$525
Town of Wharton$1,303
Wharton average$10,081

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

Town median 84.5%
This home · 73.6%

60%105%

Paying about right

This home's ratio lands inside Wharton'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
52 W UNION TPKE2026-02$285,00091292.9%
37 GARDEN AVE2026-01$460,0001,08368.3%
1593 TOP SIDE2025-01$341,00090599.0%
36 KITCHELL AVE2026-04$500,0001,29283.1%
14 OAK LN2026-03$535,0001,43674.4%
20 E CLARENCE ST2025-03$525,0001,45479.6%
104 E CENTRAL AVE2026-05$474,0001,51269.9%
112 FERN AVE2026-01$400,0001,39293.3%
66 W CENTRAL AVE2025-04$530,0001,34075.8%
9 KITCHELL AVE2025-04$450,0001,59388.3%
40 IRONDALE RD2025-01$451,0001,47185.8%
23155 WEST VIEW2026-03$416,0001,17884.5%

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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 →