The Fair Share Report
140 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 $902,671 – $1,156,184, from 12 comparable Wayne sales in the past 18 months, at this home's 3,441 sq ft.
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 $1,082,624 home should be assessed near $387,796.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,296 below what the ratio math suggests (9.6%).
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 |
|---|---|---|---|---|
| 2 CAYUGA TRAIL | 2025-08 | $915,000 | 3,488 | 29.6% |
| 54 BALSAM RD | 2025-06 | $1,165,000 | 3,481 | 24.7% |
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
| 99 BEECH TERR | 2026-05 | $815,000 | 2,494 | 26.4% |
| 114 POINT VIEW PARKWAY | 2025-04 | $1,200,000 | 3,293 | 31.5% |
| 108 ALGONQUIN TRAIL | 2025-01 | $905,000 | 2,620 | 28.0% |
| 14 ONEIDA TRAIL | 2026-03 | $765,000 | 2,636 | 29.4% |
| 73 TOWER RD | 2026-01 | $1,275,000 | 3,160 | 28.4% |
| 595 HAMBURG TPKE | 2025-01 | $981,000 | 3,118 | 28.4% |
| 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% |
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