The Fair Share Report
128 Chestnut Dr
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 $937,441 – $1,203,105, 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 $1,036,037 home should be assessed near $371,108.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $108 below what the ratio math suggests (0.0%).
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 |
|---|---|---|---|---|
| 6 KIPP CT | 2025-09 | $980,000 | 3,350 | 33.0% |
| 23 PERRIN DR | 2025-11 | $1,450,000 | 3,305 | 23.8% |
| 115 WEBSTER DR | 2025-09 | $999,999 | 3,380 | 32.1% |
| 62 WILSON AVE | 2025-05 | $1,065,000 | 3,044 | 31.4% |
| 45 KIME AVE | 2026-06 | $999,000 | 3,158 | 29.9% |
| 134 ANDOVER DR | 2026-01 | $775,000 | 3,372 | 35.0% |
| 12 CHRISTINE COURT | 2025-04 | $999,999 | 3,267 | 30.8% |
| 84 BRANDON AVE | 2026-06 | $1,199,000 | 3,628 | 23.4% |
| 60 BRANDON AVE | 2025-12 | $680,000 | 3,234 | 38.0% |
| 61 CARLISLE RD | 2026-04 | $1,265,000 | 3,413 | 23.4% |
| 21 FAIRMOUNT RD | 2025-06 | $1,050,000 | 3,384 | 30.1% |
| 822 VALLEY RD | 2025-01 | $1,180,000 | 3,542 | 24.2% |
Is this your house?
Run your own report →