The Fair Share Report
10 Jerome Pl
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 $537,831 – $690,427, from 12 comparable Wayne sales in the past 18 months, at this home's 1,252 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 $652,272 home should be assessed near $233,644.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,244 below what the ratio math suggests (26.6%).
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 |
|---|---|---|---|---|
| 15 JUDITH PLACE | 2025-04 | $718,000 | 1,302 | 24.6% |
| 55 VALLEY VIEW TERR | 2025-09 | $702,000 | 1,238 | 27.9% |
| 34 OAKWOOD DR | 2025-03 | $620,000 | 1,248 | 31.0% |
| 22 WOODLOT RD | 2026-04 | $711,111 | 1,320 | 20.6% |
| 29 STYLON RD | 2025-06 | $675,000 | 1,288 | 20.8% |
| 7A TOSCH AVE | 2025-02 | $577,000 | 1,300 | 30.8% |
| 33 JEROME PLACE | 2025-07 | $550,000 | 1,442 | 32.1% |
| 44 CANTON RD | 2025-11 | $735,000 | 1,275 | 24.2% |
| 375 ALPS RD | 2025-03 | $610,000 | 1,420 | 29.8% |
| 26 GRAHAM AVE | 2025-07 | $625,000 | 1,084 | 27.1% |
| 15 DALEWOOD RD | 2025-12 | $475,000 | 1,261 | 32.5% |
| 230 MAC DONALD DR | 2025-06 | $300,000 | 1,450 | 62.6% |
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