The Fair Share Report
11 Raymar Ln
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 $720,735 – $808,583, from 12 comparable Wayne sales in the past 18 months, at this home's 2,016 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 $750,308 home should be assessed near $268,760.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $78,760 below what the ratio math suggests (29.3%).
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
18%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 11 KING COURT | 2025-01 | $830,000 | 2,077 | 26.2% |
| 16 ATWOOD PLACE | 2025-09 | $729,000 | 1,992 | 31.2% |
| 84 BALDWIN TERR | 2025-09 | $700,000 | 1,958 | 33.3% |
| 20 PITMAN PLACE | 2025-12 | $745,000 | 2,078 | 34.7% |
| 28 AUGUSTA DR | 2025-04 | $815,000 | 2,032 | 31.2% |
| 14 CHARLOTTE TERR | 2025-09 | $650,000 | 1,962 | 33.2% |
| 40 MONTEREY DR | 2025-05 | $870,000 | 1,932 | 24.1% |
| 31 MYRTLE AVE | 2025-06 | $680,000 | 2,002 | 31.5% |
| 7 HANOVER PLACE | 2025-09 | $725,000 | 1,948 | 27.6% |
| 7 SWAN TERR | 2025-07 | $852,000 | 1,978 | 28.2% |
| 12 KINGSTON RD | 2026-02 | $750,000 | 2,032 | 27.8% |
| 32 BRAEMAR DR | 2025-10 | $750,000 | 1,928 | 32.1% |
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