The Fair Share Report

110 Vincent St

Wayne, NJ 07508

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

≈ $558,795

Likely range $523,296 – $584,479, 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 $558,795 home should be assessed near $200,160.

Step 3 · Assessed value

$130,100

Set at the last town-wide revaluation and mostly frozen since. That's $70,060 below what the ratio math suggests (35.0%).

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

$7,803/yr
Public schools$4,342
Passaic County$1,628
Town of Wayne$1,833
Wayne average$13,868

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

Town median 29.7%
This home · 23.3%

17%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)

AddressSoldPriceSq ftRatio
8026 BRITTANY DR2025-05$523,0001,62836.9%
8012 BRITTANY DR2025-03$490,0001,62837.3%
1106 FOUR SEASONS DR2025-08$573,0001,62929.2%
1015 FOUR SEASONS DR2025-04$551,0151,62930.4%
407 FOUR SEASONS DR2025-02$564,0001,62929.5%
714 FOUR SEASONS DR2026-02$530,0001,62629.0%
606 FOUR SEASONS DR2025-12$550,0001,62627.7%
206 FOUR SEASONS DR2025-10$505,0001,62629.7%
1407 FOUR SEASONS DR2025-07$570,0001,62626.9%
100 CLARK ST2025-02$560,0001,64027.9%
8717 BRITTANY DR2026-03$505,0001,62833.7%
801 FOUR SEASONS DR2025-12$530,00031.2%

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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 →