The Fair Share Report
103 Mack St
Wayne, NJ 07470
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $509,382 – $708,647, 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 $676,321 home should be assessed near $242,258.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,058 below what the ratio math suggests (49.1%).
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
12%47%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 72 BAYWOOD TERR | 2025-06 | $670,000 | 1,590 | 26.1% |
| 28 STYLON RD | 2025-09 | $510,000 | 1,504 | 30.2% |
| 8 THOMAS TERR | 2025-07 | $730,000 | 1,730 | 28.9% |
| 667 COLFAX RD | 2025-12 | $500,000 | 1,591 | 29.6% |
| 19 FERNDALE RD | 2026-05 | $480,000 | 1,611 | 33.6% |
| 110 CHESTNUT DR | 2025-08 | $750,000 | 1,715 | 33.1% |
| 59 MAGNOLIA PLACE | 2025-08 | $775,000 | 1,702 | 27.5% |
| 41 BRIARWOOD RD | 2025-06 | $665,000 | 1,672 | 26.8% |
| 5 SUMMIT DR | 2025-04 | $715,700 | 1,529 | 30.2% |
| 39 PACKANACK LK RD | 2025-04 | $650,000 | 1,564 | 28.8% |
| 38 WOODLOT RD | 2026-01 | $685,000 | 1,550 | 21.5% |
| 146 GARSIDE AVE | 2026-02 | $500,000 | 1,548 | 30.4% |
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