The Fair Share Report

10 Dowitcher Ct

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.

Step 1 · Market value

≈ $651,469

Likely range $585,857 – $697,583, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $651,469 home should be assessed near $233,356.

Step 3 · Assessed value

$187,600

Set at the last town-wide revaluation and mostly frozen since. That's $45,756 below what the ratio math suggests (19.6%).

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

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$11,252/yr
Public schools$6,261
Passaic County$2,347
Town of Wayne$2,644
Wayne average$13,868

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

Town median 29.7%
This home · 28.8%

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)

AddressSoldPriceSq ftRatio
6 DOWITCHER CT2025-09$562,0001,92433.1%
11 CONISTON CT2025-07$630,0002,02832.7%
133 EASEDALE RD2026-02$690,0001,94831.8%
12 HADLEY LANE2026-03$675,0002,01238.7%
157 WORCESTER DR2025-01$680,0002,01233.4%
32 GREENUP CT2025-10$690,0001,90631.6%
7 CONISTON CT2026-03$650,0001,88929.2%
10 GANNET CT2026-06$700,0001,92030.5%
42 MATTHEW RD2025-07$565,0002,09230.7%
3 BLACK BRIAR LANE2025-02$637,0142,09232.4%
11 BOBOLINK COURT2025-08$605,0001,93236.9%
10 GREENUP CT2026-02$625,0001,88933.4%

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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 →