The Fair Share Report
7 Arrowhead 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 $327,803 – $453,637, 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 $431,521 home should be assessed near $278,763.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,463 below what the ratio math suggests (23.5%).
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
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 |
|---|---|---|---|---|
| 59 SOUTH SHORE DR | 2026-01 | $385,000 | 1,626 | 56.4% |
| 81 CEMETERY RD | 2025-11 | $400,000 | 1,947 | 77.7% |
| 7 NEWMAN RD | 2026-03 | $375,000 | 1,900 | 61.6% |
| 20 CENTRAL SCHOOL RD | 2025-09 | $475,000 | 1,890 | 64.5% |
| 5 BUTTERNUT RD | 2026-03 | $490,000 | 1,738 | 56.3% |
| 2 COURTLAND DR | 2026-02 | $465,000 | 1,780 | 49.6% |
| 7 LOIS LN | 2025-10 | $440,000 | 1,484 | 57.9% |
| 29 NEWMAN RD | 2026-04 | $500,000 | 1,924 | 46.6% |
| 83 BRINK RD | 2025-10 | $449,000 | 1,712 | 53.0% |
| 48 NEEPAULIN DR | 2025-07 | $420,000 | 1,912 | 61.5% |
| 166 MUDTOWN RD | 2026-04 | $328,000 | 1,828 | 70.2% |
| 100 GEMMER RD | 2025-04 | $280,000 | 1,400 | 66.8% |
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