The Fair Share Report
7 Mann Pl
Wanaque, NJ 07420
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 $407,647 – $442,105, from 12 comparable Wanaque sales in the past 18 months, at this home's 1,560 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 $426,635 home should be assessed near $232,132.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,768 above what the ratio math suggests (5.1%).
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 |
|---|---|---|---|---|
| 23 DOGWOOD LANE | 2026-04 | $527,000 | 1,587 | 44.2% |
| 6 ELSTON CT | 2025-09 | $475,000 | 1,682 | 56.9% |
| 12 ELSTON CT | 2025-08 | $460,000 | 1,682 | 58.7% |
| 1116 WARREN'S WAY | 2026-06 | $369,000 | 1,768 | 75.7% |
| 1319 WARREN'S WAY | 2025-12 | $510,000 | 1,768 | 56.8% |
| 1201 WARREN'S WAY | 2025-11 | $462,000 | 1,768 | 62.1% |
| 1306 WARREN'S WAY | 2025-10 | $475,000 | 1,768 | 53.9% |
| 1217 WARREN'S WAY | 2025-03 | $490,888 | 1,768 | 59.0% |
| 2306 WARREN'S WAY | 2025-10 | $499,000 | 1,768 | 50.9% |
| 59 CARTER ROAD | 2026-06 | $520,000 | 1,625 | 42.7% |
| 3101 WARREN'S WAY | 2025-10 | $468,700 | 1,768 | 59.4% |
| 3206 WARREN'S WAY | 2025-04 | $461,000 | 1,768 | 53.8% |
Is this your house?
Run your own report →