The Fair Share Report
9 Second St
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 $426,793 – $586,344, 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 $477,024 home should be assessed near $259,549.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,249 below what the ratio math suggests (17.8%).
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
31%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 |
|---|---|---|---|---|
| 11 GEORGE ST | 2025-11 | $575,000 | 1,432 | 35.8% |
| 126 JEFFERSON ST | 2026-05 | $475,000 | 1,480 | 40.9% |
| 36 WILLOW WAY | 2026-02 | $630,000 | 1,438 | 40.8% |
| 29 COLFAX AVE | 2026-01 | $425,000 | 1,435 | 48.3% |
| 11 CARTER ROAD | 2025-01 | $420,000 | 1,482 | 52.5% |
| 25 BERGEN AVE | 2025-11 | $560,000 | 1,440 | 40.7% |
| 107 MONROE ST | 2025-04 | $445,000 | 1,334 | 41.4% |
| 86 BURNSIDE PLACE | 2026-03 | $612,000 | 1,380 | 36.5% |
| 7 DENA DRIVE | 2025-12 | $414,100 | 1,448 | 53.0% |
| 23 DOGWOOD LANE | 2026-04 | $527,000 | 1,587 | 44.2% |
| 13 FRANKLIN PLACE | 2025-07 | $450,000 | 1,128 | 42.8% |
| 3 FIRST ST | 2026-01 | $590,000 | 1,440 | 40.6% |
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