The Fair Share Report
12 Chimney 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 $867,191 – $1,301,595, 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 $977,041 home should be assessed near $349,976.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,424 above what the ratio math suggests (24.1%).
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%56%
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 |
|---|---|---|---|---|
| 15 COLONA RD | 2025-08 | $1,525,000 | 3,164 | 24.1% |
| 17 TALL OAKS DR | 2025-06 | $900,000 | 3,284 | 34.7% |
| 4 PETER PLACE | 2025-03 | $952,000 | 3,172 | 28.5% |
| 149 OLDHAM RD | 2026-02 | $890,000 | 3,446 | 34.0% |
| 24 APACHE RD | 2025-01 | $1,200,000 | 4,010 | 27.8% |
| 16 WINONAH AVE | 2026-01 | $855,000 | 2,961 | 34.6% |
| 1316 ALPS RD | 2026-04 | $850,000 | 3,220 | 30.5% |
| 187 HILLCREST DR | 2026-01 | $1,200,000 | 3,159 | 32.3% |
| 67 WESTVIEW RD | 2025-12 | $915,000 | 3,476 | 41.0% |
| 33 GATES PLACE | 2025-10 | $1,135,000 | 3,045 | 34.2% |
| 13 STONE HILL RD | 2025-11 | $1,300,000 | 3,322 | 28.0% |
| 153 CHOPIN DR | 2025-04 | $999,000 | 3,321 | 38.6% |
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