The Fair Share Report
145 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 $797,386 – $1,032,365, 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 $885,629 home should be assessed near $317,232.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,468 above what the ratio math suggests (1.4%).
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
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 |
|---|---|---|---|---|
| 108 ALGONQUIN TRAIL | 2025-01 | $905,000 | 2,620 | 28.0% |
| 25 FERN TERR | 2025-08 | $800,000 | 2,887 | 37.8% |
| 99 BEECH TERR | 2026-05 | $815,000 | 2,494 | 26.4% |
| 4 HIGHFIELD COURT | 2026-04 | $910,000 | 2,974 | 27.4% |
| 55 LEWIS ST | 2025-06 | $799,999 | 2,631 | 25.5% |
| 2 CAYUGA TRAIL | 2025-08 | $915,000 | 3,488 | 29.6% |
| 53 SUNSET TERR | 2025-08 | $760,000 | 2,463 | 34.5% |
| 14 ONEIDA TRAIL | 2026-03 | $765,000 | 2,636 | 29.4% |
| 525 PINES LAKE DR | 2026-04 | $1,115,000 | 2,913 | 25.9% |
| 4 LENAPE TRAIL | 2025-09 | $650,000 | 2,312 | 33.5% |
| 39 BRAEMAR DR | 2025-01 | $867,000 | 2,839 | 31.0% |
| 44 PIERMONT TERR | 2025-09 | $836,634 | 2,974 | 27.8% |
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