The Fair Share Report
13 Lake Trl E
Wayne, NJ 07470
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $497,532 – $574,720, 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 $562,546 home should be assessed near $201,504.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,704 below what the ratio math suggests (38.1%).
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
16%47%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 10 LAKE TRAIL E | 2026-06 | $550,000 | 1,116 | 25.4% |
| 2 CROW TRAIL | 2025-06 | $527,000 | 1,080 | 25.4% |
| 8 CAYUGA TRAIL | 2025-01 | $535,000 | 1,016 | 25.3% |
| 177 CHESTNUT DR | 2026-04 | $722,000 | 1,234 | 24.2% |
| 1 SHORE RD | 2025-01 | $604,000 | 1,372 | 21.7% |
| 19 PINECREST TERR | 2026-03 | $570,000 | 1,252 | 25.3% |
| 28 NEW ST | 2025-05 | $600,000 | 1,120 | 20.9% |
| 53 LAUREL DR | 2025-02 | $565,000 | 1,230 | 26.9% |
| 33 SOUTH RD | 2025-05 | $400,000 | 1,012 | 27.8% |
| 526 NEWARK POMPTON TPKE | 2025-02 | $470,000 | 970 | 28.2% |
| 35 LENAPE TRAIL | 2025-06 | $560,000 | 1,287 | 27.8% |
| 31 ST MORITZ PLACE | 2025-10 | $320,000 | 1,012 | 36.5% |
Is this your house?
Run your own report →