The Fair Share Report
118 Easedale 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 $634,378 – $785,345, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).
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 $696,859 home should be assessed near $249,615.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,315 below what the ratio math suggests (23.0%).
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 |
|---|---|---|---|---|
| 97 BOWFELL CT | 2025-06 | $625,000 | 2,090 | 30.4% |
| 6 TOMAHAWK DRIVE | 2025-10 | $778,000 | 2,178 | 30.2% |
| 24 FAIR RIDGE CT | 2025-11 | $670,000 | 2,158 | 36.3% |
| 19 MORNING WATCH RD | 2026-03 | $727,000 | 2,075 | 28.4% |
| 26 EIDER CT | 2026-02 | $715,000 | 2,075 | 31.8% |
| 6 BIRDSEYE CIRCLE | 2025-01 | $645,000 | 2,178 | 36.2% |
| 42 MATTHEW RD | 2025-07 | $565,000 | 2,092 | 30.7% |
| 3 BLACK BRIAR LANE | 2025-02 | $637,014 | 2,092 | 32.4% |
| 211 WARBLER DR | 2026-04 | $742,000 | 2,075 | 28.7% |
| 59 MORNING WATCH RD | 2026-04 | $730,000 | 2,075 | 32.9% |
| 90 WARBLER DR | 2025-10 | $748,000 | 2,075 | 28.7% |
| 29 PONDS CIRCLE | 2026-03 | $561,500 | 2,336 | 40.1% |
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