The Fair Share Report
7 Guide Pl
Wanaque, NJ 07465
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 $433,585 – $520,000, from 12 comparable Wanaque sales in the past 18 months, at this home's 1,625 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Wanaque assessments sit below market value — republished every October, applied town-wide. A $447,723 home should be assessed near $243,606.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $506 below what the ratio math suggests (0.2%).
Step 4 · The tax rate — same for every Wanaque home
$2.486 Schools · 55% $0.828 County · 18% $1.227 Town · 27%
Step 5 · The bill
This home vs. every recent Wanaque sale · assessed ÷ market
33%68%
Paying about right
This home's ratio lands inside Wanaque'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 CARTER ROAD | 2026-06 | $520,000 | 1,625 | 42.7% |
| 40 BURNSIDE PLACE | 2025-12 | $626,000 | 1,680 | 43.3% |
| 11L BROOKSIDE HEIGHTS | 2026-04 | $470,000 | 1,724 | 45.7% |
| 11H BROOKSIDE HEIGHTS | 2025-09 | $475,000 | 1,724 | 43.9% |
| 16G BROOKSIDE HEIGHTS | 2026-04 | $470,000 | 1,520 | 42.3% |
| 13H BROOKSIDE HEIGHTS | 2025-05 | $500,000 | 1,520 | 41.8% |
| 5G BROOKSIDE HEIGHTS | 2025-02 | $405,000 | 1,520 | 49.1% |
| 4A BROOKSIDE HEIGHTS | 2025-03 | $475,000 | 1,724 | 44.3% |
| 9C BROOKSIDE HEIGHTS | 2025-09 | $435,000 | 1,724 | 48.3% |
| 11B BROOKSIDE HEIGHTS | 2025-03 | $469,900 | 1,724 | 44.7% |
| 11 CARTER ROAD | 2025-01 | $420,000 | 1,482 | 52.5% |
| 7B BROOKSIDE HEIGHTS | 2026-03 | $460,000 | 1,724 | 45.4% |
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