The Fair Share Report
121 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $573,276 – $787,494, 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 $725,114 home should be assessed near $259,736.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,436 below what the ratio math suggests (24.4%).
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 |
|---|---|---|---|---|
| 22 CHICOPEE DR | 2025-07 | $785,000 | 1,916 | 33.8% |
| 18 CHANDLER DR | 2025-05 | $687,000 | 1,856 | 38.1% |
| 142 GARSIDE AVE | 2025-07 | $529,000 | 1,692 | 30.0% |
| 104 LIONSHEAD DR W | 2026-06 | $865,000 | 1,872 | 23.0% |
| 10 HILLTOP TERR | 2025-10 | $725,000 | 1,847 | 31.8% |
| 7 KNIGHT RD | 2025-07 | $855,000 | 1,882 | 25.1% |
| 8028 BRITTANY DR | 2025-04 | $527,500 | 1,804 | 36.6% |
| 8307 BRITTANY DR | 2025-02 | $555,000 | 1,804 | 32.2% |
| 15 SUNRISE DR | 2025-02 | $710,000 | 1,815 | 35.8% |
| 67 DARLINGTON DR | 2025-12 | $700,000 | 1,756 | 33.1% |
| 8616 BRITTANY DR | 2026-04 | $600,000 | 1,804 | 31.3% |
| 32 AUGUSTA DR | 2026-03 | $780,000 | 1,832 | 27.1% |
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