The Fair Share Report

110 Garside Ave

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.

Step 1 · Market value

≈ $1,254,023

Likely range $915,667 – $1,522,361, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $1,254,023 home should be assessed near $449,191.

Step 3 · Assessed value

$410,500

Set at the last town-wide revaluation and mostly frozen since. That's $38,691 below what the ratio math suggests (8.6%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$24,622/yr
Public schools$13,701
Passaic County$5,136
Town of Wayne$5,785
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 32.7%

19%50%

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)

AddressSoldPriceSq ftRatio
595 HAMBURG TPKE2025-01$981,0003,11828.4%
54 BALSAM RD2025-06$1,165,0003,48124.7%
10 BEVERLY WAY2025-10$680,0003,69331.8%
16 SHADOW RIDGE RD2025-11$1,350,0003,96832.5%
67 WESTVIEW RD2025-12$915,0003,47641.0%
986 PINES LAKE DR W2025-09$1,600,0003,86235.8%
535 COLFAX RD2025-01$1,030,0004,01434.3%
16 VIZCAYA COURT2025-09$1,125,0003,96240.7%
187 HILLCREST DR2026-01$1,200,0003,15932.3%
89 PANCAKE HOLLOW DR2025-10$1,250,0003,38529.3%
24 APACHE RD2025-01$1,200,0004,01027.8%
14 STRATTON DR2025-10$1,530,0003,54326.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →