The Fair Share Report
11 Peter 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 $1,075,768 – $1,472,136, from 12 comparable Wayne sales in the past 18 months, at this home's 4,204 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 $1,187,636 home should be assessed near $425,411.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $67,911 below what the ratio math suggests (16.0%).
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 |
|---|---|---|---|---|
| 7 WELSH COURT | 2026-02 | $1,075,000 | 4,201 | 30.4% |
| 1360 HAMBURG TPKE | 2025-08 | $925,000 | 4,050 | 25.6% |
| 24 APACHE RD | 2025-01 | $1,200,000 | 4,010 | 27.8% |
| 1360 HAMBURG TPKE | 2026-06 | $620,000 | 3,955 | 33.9% |
| 535 COLFAX RD | 2025-01 | $1,030,000 | 4,014 | 34.3% |
| 63 WESTVIEW RD | 2025-11 | $1,620,000 | 4,232 | 30.4% |
| 31 BOURBON ST | 2025-07 | $1,400,000 | 3,998 | 29.2% |
| 85 PANCAKE HOLLOW DR | 2025-06 | $955,000 | 3,527 | 28.4% |
| 986 PINES LAKE DR W | 2025-09 | $1,600,000 | 3,862 | 35.8% |
| 85 MOUNTAIN RIDGE DR | 2025-10 | $1,500,000 | 3,536 | 23.3% |
| 32 APACHE RD | 2025-05 | $1,200,000 | 4,396 | 40.9% |
| 12 JENNY LANE | 2025-09 | $1,299,900 | 4,394 | 29.8% |
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