The Fair Share Report
720 Rt 519
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 $306,000 – $353,696, from 12 comparable Wantage sales in the past 18 months, at this home's 1,020 sq ft.
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 $328,869 home should be assessed near $212,449.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,549 below what the ratio math suggests (3.6%).
Step 4 · The tax rate — same for every Wantage home
$2.064 Schools · 69% $0.589 County · 20% $0.349 Town · 12%
This home's own bill implies $2.880 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 7 COURTLAND DR | 2025-08 | $380,000 | 1,054 | 51.8% |
| 14 WOODLAND RD | 2025-02 | $330,000 | 1,030 | 46.7% |
| 70 ALPINE RD | 2025-07 | $400,000 | 858 | 37.8% |
| 31 BERGEN AVE | 2025-08 | $350,000 | 1,056 | 43.4% |
| 29 HILLSIDE DR | 2026-03 | $340,000 | 984 | 40.9% |
| 3 GERALDINE DR | 2025-06 | $425,822 | 1,228 | 50.8% |
| 14 COVE LN | 2025-11 | $365,000 | 1,310 | 44.3% |
| 59 LAKEVIEW DR | 2025-11 | $220,000 | 1,105 | 52.2% |
| 40 ELKHORN TR | 2025-04 | $325,000 | 1,008 | 37.5% |
| 122 RT 284 | 2025-03 | $390,000 | 1,300 | 58.3% |
| 18 NORTH SHORE DR | 2025-10 | $320,000 | 864 | 40.7% |
| 277 UNIONVILLE RD | 2025-05 | $260,000 | 860 | 60.7% |
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