The Fair Share Report
75 Townsend Rd
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 $415,732 – $576,080, from 12 comparable Wanaque 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 Wanaque assessments sit below market value — republished every October, applied town-wide. A $472,458 home should be assessed near $257,064.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,836 above what the ratio math suggests (1.9%).
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 |
|---|---|---|---|---|
| 15 FIRST AVE | 2026-06 | $290,000 | 1,829 | 86.8% |
| 49 HASKELL AVE | 2025-08 | $381,000 | 1,468 | 57.6% |
| 6 ELSTON CT | 2025-09 | $475,000 | 1,682 | 56.9% |
| 12 ELSTON CT | 2025-08 | $460,000 | 1,682 | 58.7% |
| 87 ALDRIN DRIVE | 2025-03 | $625,000 | 1,660 | 38.5% |
| 59 CARTER ROAD | 2026-06 | $520,000 | 1,625 | 42.7% |
| 48 WILLOW WAY | 2025-12 | $600,000 | 1,778 | 43.3% |
| 12 MULLEN AVE | 2025-07 | $710,000 | 2,070 | 38.6% |
| 21 BARTHOLDI AVE | 2026-01 | $450,000 | 1,580 | 45.0% |
| 23 DOGWOOD LANE | 2026-04 | $527,000 | 1,587 | 44.2% |
| 108 MIDVALE AVE | 2025-05 | $580,000 | 1,624 | 40.8% |
| 5205 WARREN'S WAY | 2026-06 | $459,000 | 1,768 | 58.8% |
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