The Fair Share Report
796 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 $319,951 – $467,236, 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 $427,382 home should be assessed near $276,089.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,789 below what the ratio math suggests (24.9%).
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 |
|---|---|---|---|---|
| 172 RT 519 | 2025-09 | $469,000 | 1,636 | 51.8% |
| 100 GEMMER RD | 2025-04 | $280,000 | 1,400 | 66.8% |
| 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% |
| 29 NEWMAN RD | 2026-04 | $500,000 | 1,924 | 46.6% |
| 81 CEMETERY RD | 2025-11 | $400,000 | 1,947 | 77.7% |
| 7 NEWMAN RD | 2026-03 | $375,000 | 1,900 | 61.6% |
| 5 MOUNTAIN VIEW DR | 2025-09 | $520,000 | 1,897 | 47.0% |
| 83 BRINK RD | 2025-10 | $449,000 | 1,712 | 53.0% |
| 2 COURTLAND DR | 2026-02 | $465,000 | 1,780 | 49.6% |
| 313 RT 519 | 2025-08 | $195,000 | 1,290 | 100.3% |
Is this your house?
Run your own report →