The Fair Share Report
1 Laurel Dr
Wayne, NJ 07470
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 $438,870 – $581,938, from 12 comparable Wayne 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 Wayne assessments sit below market value — republished every October, applied town-wide. A $532,846 home should be assessed near $190,865.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,665 below what the ratio math suggests (32.8%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
17%47%
Paying about right
This home's ratio lands inside Wayne'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 |
|---|---|---|---|---|
| 28 NEW ST | 2025-05 | $600,000 | 1,120 | 20.9% |
| 10 LAKE TRAIL E | 2026-06 | $550,000 | 1,116 | 25.4% |
| 35 LENAPE TRAIL | 2025-06 | $560,000 | 1,287 | 27.8% |
| 177 CHESTNUT DR | 2026-04 | $722,000 | 1,234 | 24.2% |
| 20 FERN RIVER AVE | 2025-04 | $425,000 | 1,320 | 24.1% |
| 53 LAUREL DR | 2025-02 | $565,000 | 1,230 | 26.9% |
| 2 CROW TRAIL | 2025-06 | $527,000 | 1,080 | 25.4% |
| 91 BEECHWOOD DR | 2026-05 | $767,500 | 1,320 | 25.0% |
| 31 ST MORITZ PLACE | 2025-10 | $320,000 | 1,012 | 36.5% |
| 526 NEWARK POMPTON TPKE | 2025-02 | $470,000 | 970 | 28.2% |
| 24 LAKE TRAIL E | 2025-06 | $625,000 | 1,286 | 23.9% |
| 33 SOUTH RD | 2025-05 | $400,000 | 1,012 | 27.8% |
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