The Fair Share Report

95 Pine St

Wharton, NJ 07885

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.

Step 1 · Market value

≈ $705,619

Likely range $605,787 – $778,084, from 12 comparable Wharton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

92.46%

The state's official measure of how far Wharton assessments sit below market value — republished every October, applied town-wide. A $705,619 home should be assessed near $652,415.

Step 3 · Assessed value

$577,700

Set at the last town-wide revaluation and mostly frozen since. That's $74,715 below what the ratio math suggests (11.5%).

Step 4 · The tax rate — same for every Wharton home

$2.606 per $100 assessed

$1.736 Schools · 67% $0.250 County · 10% $0.620 Town · 24%

This home's own bill implies $2.546 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$14,710/yr
Public schools$9,799
Morris County$1,411
Town of Wharton$3,500
Wharton average$10,081

This home vs. every recent Wharton sale · assessed ÷ market

Town median 84.5%
This home · 81.9%

63%105%

Paying about right

This home's ratio lands inside Wharton's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
4 OXFORD RD2025-03$605,0002,29685.6%
103 BAKER AVE2025-06$610,0002,62278.3%
17 ANDERSON RD2026-02$780,0002,31178.4%
17 ANDERSON RD2025-04$716,0002,31185.4%
65 MICHIGAN AVE2025-04$575,0001,92468.6%
33 MEADOW AVE2026-04$600,0002,01183.4%
11 CORNELL ST2025-06$650,0001,80082.1%
34 W DEWEY AVE2025-03$515,0001,85485.2%
3 COLUMBIA ST2025-06$580,0001,79279.1%
95-97 FORD AVE2026-01$600,0002,73097.7%
3-5 OXFORD RD2025-02$720,0004,30489.1%
4 TERRY LN2026-04$626,0001,60681.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →