The Fair Share Report
11 S Rd
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 $297,250 – $339,250, from 12 comparable Wayne sales in the past 18 months, at this home's 738 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 $327,091 home should be assessed near $117,164.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $364 below what the ratio math suggests (0.3%).
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
19%47%
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 |
|---|---|---|---|---|
| 32 COTTONWOOD RD | 2026-04 | $450,000 | 784 | 35.7% |
| 575 BLACK OAK RIDGE RD | 2025-03 | $437,000 | 850 | 30.3% |
| 37-2B KNOX TERRACE | 2026-02 | $320,000 | 722 | 23.8% |
| 16-2D KNOX TERRACE | 2025-10 | $305,000 | 722 | 24.9% |
| 1150-1B VALLEY RD | 2026-04 | $325,000 | 720 | 23.4% |
| 1120-1B VALLEY RD | 2026-02 | $290,000 | 720 | 26.2% |
| 1124-1B VALLEY RD | 2026-01 | $285,000 | 720 | 26.7% |
| 1132-1A VALLEY RD | 2025-12 | $280,000 | 720 | 27.1% |
| 43-2B KNOX TERRACE | 2025-11 | $290,000 | 720 | 26.2% |
| 66-1B KNOX TERRACE | 2025-08 | $300,000 | 720 | 25.3% |
| 68-1A KNOX TERRACE | 2025-05 | $296,000 | 720 | 27.1% |
| 29-1B KNOX TERRACE | 2026-05 | $325,000 | 707 | 23.2% |
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