The Fair Share Report
11 Locust 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 $416,601 – $555,010, from 12 comparable Wayne sales in the past 18 months, at this home's 1,054 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 $512,247 home should be assessed near $183,487.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,913 above what the ratio math suggests (20.7%).
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%59%
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 |
|---|---|---|---|---|
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
| 28 NEW ST | 2025-05 | $600,000 | 1,120 | 20.9% |
| 11 RAYS CT | 2025-04 | $615,000 | 1,004 | 24.6% |
| 30 SUNSET TERR | 2025-08 | $350,000 | 1,106 | 54.8% |
| 53 LAUREL DR | 2025-02 | $565,000 | 1,230 | 26.9% |
| 31 ST MORITZ PLACE | 2025-10 | $320,000 | 1,012 | 36.5% |
| 2 CROW TRAIL | 2025-06 | $527,000 | 1,080 | 25.4% |
| 10 LAKE TRAIL E | 2026-06 | $550,000 | 1,116 | 25.4% |
| 26 GRAHAM AVE | 2025-07 | $625,000 | 1,084 | 27.1% |
| 526 NEWARK POMPTON TPKE | 2025-02 | $470,000 | 970 | 28.2% |
| 33 SOUTH RD | 2025-05 | $400,000 | 1,012 | 27.8% |
| 208 FAYETTE AVE | 2025-03 | $215,000 | 891 | 37.4% |
Is this your house?
Run your own report →