The Fair Share Report
10 Reed 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $734,982 – $962,650, 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 $857,568 home should be assessed near $307,181.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,219 above what the ratio math suggests (8.2%).
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%51%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 23 ERLI ST | 2026-06 | $1,500,000 | 2,627 | 21.4% |
| 2 EDEN PLACE | 2026-03 | $925,000 | 2,592 | 31.6% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
| 20 ERLI ST | 2026-06 | $950,000 | 2,676 | 31.0% |
| 16 WINONAH AVE | 2026-01 | $855,000 | 2,961 | 34.6% |
| 6 WEBSTER DR | 2025-09 | $999,000 | 2,577 | 24.4% |
| 32 SEARS PLACE | 2025-05 | $840,000 | 2,582 | 31.6% |
| 69 NORMANDY DR | 2025-12 | $710,000 | 2,606 | 35.0% |
| 60 TOMS LAKE RD | 2025-09 | $850,000 | 2,632 | 28.9% |
| 8 YORKTOWN RD | 2025-05 | $950,000 | 2,516 | 27.6% |
| 1360 HAMBURG TPKE | 2025-05 | $440,000 | 2,600 | 35.6% |
| 99 NELLIS DR | 2025-02 | $900,000 | 2,578 | 32.7% |
Is this your house?
Run your own report →