The Fair Share Report
108 Lake Dr E
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 $675,983 – $756,637, 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 $704,638 home should be assessed near $252,401.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,201 below what the ratio math suggests (23.5%).
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 |
|---|---|---|---|---|
| 71 LAKE TRAIL E | 2025-12 | $745,000 | 1,740 | 27.1% |
| 429 PINES LAKE DR E | 2025-04 | $700,000 | 1,752 | 30.5% |
| 18 CHAPEL PLACE | 2025-10 | $590,000 | 1,650 | 28.2% |
| 32 GRAHAM AVE | 2025-08 | $725,000 | 1,830 | 33.2% |
| 185 OAKWOOD DR | 2025-05 | $630,000 | 1,768 | 32.7% |
| 267 CHURCH LANE | 2025-10 | $650,000 | 1,736 | 27.5% |
| 21 DUBEL RD | 2025-10 | $690,000 | 1,579 | 25.1% |
| 11 ELLA LANE | 2025-10 | $680,000 | 1,728 | 29.4% |
| 122 BALSAM RD | 2025-09 | $726,000 | 1,791 | 29.6% |
| 7 MELANIE LANE | 2025-06 | $800,000 | 1,718 | 26.8% |
| 59 MAGNOLIA PLACE | 2025-08 | $775,000 | 1,702 | 27.5% |
| 53 HAMILTON AVE | 2025-04 | $775,000 | 1,830 | 25.7% |
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