The Fair Share Report
138 Walker 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 $510,646 – $663,396, 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 $591,209 home should be assessed near $211,771.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $102,471 below what the ratio math suggests (48.4%).
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
11%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 28 STYLON RD | 2025-09 | $510,000 | 1,504 | 30.2% |
| 19 LEO PLACE | 2025-06 | $489,000 | 1,360 | 25.4% |
| 72 BAYWOOD TERR | 2025-06 | $670,000 | 1,590 | 26.1% |
| 8 RIDGE PLACE | 2025-12 | $651,000 | 1,497 | 25.9% |
| 5 SUMMIT DR | 2025-04 | $715,700 | 1,529 | 30.2% |
| 230 MAC DONALD DR | 2025-06 | $300,000 | 1,450 | 62.6% |
| 33 JEROME PLACE | 2025-07 | $550,000 | 1,442 | 32.1% |
| 14 VALHALLA WAY | 2025-12 | $590,000 | 1,464 | 32.5% |
| 29 ROLLING HILLS DR | 2025-12 | $750,000 | 1,456 | 25.4% |
| 667 COLFAX RD | 2025-12 | $500,000 | 1,591 | 29.6% |
| 75 BARNSDALE RD | 2025-09 | $553,250 | 1,505 | 24.7% |
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