The Fair Share Report
11 Gates 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 $702,112 – $1,112,849, from 12 comparable Wayne sales in the past 18 months, at this home's 2,801 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 $948,511 home should be assessed near $339,757.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,243 above what the ratio math suggests (5.7%).
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%57%
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 |
|---|---|---|---|---|
| 1360 HAMBURG TPKE | 2025-07 | $520,000 | 2,755 | 31.3% |
| 1360 HAMBURG TPKE | 2026-03 | $685,000 | 2,748 | 25.2% |
| 70 VERKADE DR | 2025-06 | $1,200,000 | 2,693 | 27.3% |
| 10 TIMBERLINE DR | 2025-07 | $950,000 | 3,009 | 39.0% |
| 2 STRATTON DR | 2025-07 | $1,075,000 | 2,708 | 27.6% |
| 6 FOX HILL DRIVE | 2025-12 | $1,092,000 | 2,820 | 30.6% |
| 8 TORBET DR | 2025-12 | $1,120,000 | 2,819 | 26.5% |
| 214 WEBSTER DR | 2025-01 | $870,000 | 2,689 | 40.5% |
| 1360 HAMBURG TPKE | 2025-05 | $440,000 | 2,600 | 35.6% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
| 11 HUBBARDTON RD | 2025-08 | $1,200,000 | 2,997 | 29.4% |
| 9 GATES PLACE | 2025-11 | $1,100,000 | 2,756 | 30.9% |
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