The Fair Share Report
11 Lockley Ct
Wayne, NJ 07109
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 $538,114 – $623,719, from 12 comparable Wayne sales in the past 18 months, at this home's 1,666 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 $575,782 home should be assessed near $206,245.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,045 below what the ratio math suggests (19.4%).
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 LITTLEWOOD CT | 2026-05 | $625,000 | 1,617 | 26.6% |
| 142 GARSIDE AVE | 2025-07 | $529,000 | 1,692 | 30.0% |
| 1 HANSEN PLACE | 2025-03 | $595,000 | 1,648 | 32.7% |
| 40 LITTLEWOOD CT | 2026-04 | $600,000 | 1,617 | 29.3% |
| 6 HANSEN PLACE | 2026-04 | $605,000 | 1,616 | 24.4% |
| 9 HANSEN PLACE | 2025-04 | $628,750 | 1,616 | 23.7% |
| 44 LITTLEWOOD CT | 2026-03 | $588,160 | 1,570 | 27.3% |
| 8605 BRITTANY DR | 2026-05 | $480,000 | 1,628 | 35.3% |
| 8710 BRITTANY DR | 2025-11 | $530,000 | 1,628 | 33.8% |
| 8210 BRITTANY DR | 2025-05 | $530,000 | 1,628 | 34.6% |
| 8312 BRITTANY DR | 2025-10 | $540,000 | 1,628 | 31.3% |
| 146 GARSIDE AVE | 2026-02 | $500,000 | 1,548 | 30.4% |
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