The Fair Share Report
1 Yellowbrick Rd
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.
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Step 1 · Market value
Likely range $875,667 – $1,243,691, from 12 comparable Wayne sales in the past 18 months, at this home's 3,834 sq ft.
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 $1,083,110 home should be assessed near $387,970.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,370 below what the ratio math suggests (12.5%).
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
19%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 |
|---|---|---|---|---|
| 36 YELLOWBRICK RD | 2026-04 | $1,030,000 | 3,646 | 30.6% |
| 47 ROBIN HOOD WAY | 2025-08 | $1,160,000 | 3,576 | 29.4% |
| 1360 HAMBURG TPKE | 2026-06 | $620,000 | 3,955 | 33.9% |
| 47 CHICOPEE DR | 2026-03 | $1,360,000 | 3,769 | 23.9% |
| 1360 HAMBURG TPKE | 2025-08 | $925,000 | 4,050 | 25.6% |
| 7 WELSH COURT | 2026-02 | $1,075,000 | 4,201 | 30.4% |
| 111 PACKANACK LK RD | 2025-10 | $675,000 | 3,468 | 38.3% |
| 54 WHEELER RD | 2025-01 | $1,251,000 | 3,934 | 31.1% |
| 85 PANCAKE HOLLOW DR | 2025-06 | $955,000 | 3,527 | 28.4% |
| 48 KATHLEEN COURT | 2025-01 | $865,000 | 3,802 | 36.7% |
| 8 WHEELER RD | 2025-10 | $1,025,000 | 3,256 | 40.1% |
| 12 WOODLAND CT | 2025-08 | $1,417,000 | 3,717 | 28.2% |
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