The Fair Share Report
700 Rt 23
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 $382,264 – $474,613, 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 $427,756 home should be assessed near $276,330.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,730 below what the ratio math suggests (18.7%).
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
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 |
|---|---|---|---|---|
| 708 RT 23 | 2026-06 | $425,000 | 1,648 | 61.7% |
| 172 RT 519 | 2025-09 | $469,000 | 1,636 | 51.8% |
| 12 AUGUST LN | 2026-06 | $485,000 | 1,672 | 52.7% |
| 37 FILE RD | 2026-02 | $341,650 | 1,607 | 63.3% |
| 5 BUTTERNUT RD | 2026-03 | $490,000 | 1,738 | 56.3% |
| 83 BRINK RD | 2025-10 | $449,000 | 1,712 | 53.0% |
| 68 HOLLAND RD | 2025-06 | $530,000 | 1,750 | 46.7% |
| 37 FAIRCHILD LN | 2025-10 | $360,000 | 1,509 | 53.2% |
| 5 MOUNTAIN VIEW DR | 2025-09 | $520,000 | 1,897 | 47.0% |
| 59 DECKER RD | 2025-05 | $550,000 | 1,399 | 44.4% |
| 179 MUDTOWN RD | 2026-02 | $485,000 | 1,896 | 65.1% |
| 711 RT 23 | 2025-05 | $75,000 | 1,704 | 90.3% |
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