The Fair Share Report
121 Lake Dr E
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 $845,559 – $1,089,162, 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 $1,011,594 home should be assessed near $362,353.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,447 above what the ratio math suggests (17.8%).
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 |
|---|---|---|---|---|
| 134 ANDOVER DR | 2026-01 | $775,000 | 3,372 | 35.0% |
| 33 GEORGIA DR | 2026-05 | $935,000 | 3,186 | 32.0% |
| 53 PALMER DR | 2025-05 | $1,175,000 | 3,497 | 27.8% |
| 6 KIPP CT | 2025-09 | $980,000 | 3,350 | 33.0% |
| 11 ABERDEEN AVE | 2025-01 | $825,000 | 3,241 | 37.0% |
| 45 KIME AVE | 2026-06 | $999,000 | 3,158 | 29.9% |
| 21 FAIRMOUNT RD | 2025-06 | $1,050,000 | 3,384 | 30.1% |
| 61 CARLISLE RD | 2026-04 | $1,265,000 | 3,413 | 23.4% |
| 4 HIGHFIELD COURT | 2026-04 | $910,000 | 2,974 | 27.4% |
| 48 KATHLEEN COURT | 2025-01 | $865,000 | 3,802 | 36.7% |
| 18 HARWOOD PLACE | 2026-05 | $920,000 | 3,238 | 33.9% |
| 60 BRANDON AVE | 2025-12 | $680,000 | 3,234 | 38.0% |
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