The Fair Share Report
9 Algonquin Path
Wanaque, NJ 07054
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 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.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
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
The record, in full
Not enough closely-comparable recent sales in Wanaque for a fairness verdict — the town's current median assessment ratio is 47.8%.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 ELM ST | 2026-02 | $220,000 | 400 | 47.8% |
| 16-8 EAST BELMONT AVE | 2025-06 | $265,000 | 783 | 48.2% |
| 16-3 EAST BELMONT AVE | 2025-02 | $249,000 | 783 | 51.3% |
Is this your house?
Run your own report →