The Fair Share Report

13 Crescent 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.

Step 1 · Market value

≈ $779,054

Likely range $677,623 – $918,493, from 12 comparable Wayne sales in the past 18 months, at this home's 2,384 sq ft.

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $779,054 home should be assessed near $279,057.

Step 3 · Assessed value

$231,400

Set at the last town-wide revaluation and mostly frozen since. That's $47,657 below what the ratio math suggests (17.1%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$13,879/yr
Public schools$7,723
Passaic County$2,895
Town of Wayne$3,261
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 29.7%

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)

AddressSoldPriceSq ftRatio
789 BLACK OAK RIDGE RD2024-12$660,0002,32228.6%
18 SOUTH RD2026-05$650,0002,27526.1%
47 SUNSET TERR2025-07$889,0002,19028.2%
4 LENAPE TRAIL2025-09$650,0002,31233.5%
1666 HAMBURG TPKE2025-08$480,0002,35853.5%
19 MOUNTAIN RIDGE DR2025-08$885,0002,31929.2%
99 CHESTNUT DR2025-07$807,0002,01628.1%
64 POWDER HORN DR2025-12$900,0002,40328.5%
595 HAMBURG TPKE2025-01$981,0003,11828.4%
40 LAKE DR E2025-09$816,0002,25828.4%
139 WEBSTER DR2026-03$762,0002,37134.8%
90 WEINMANNS BLVD2025-12$885,0001,93230.9%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →