The Fair Share Report

149 Rock 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

≈ $745,619

Likely range $685,071 – $769,972, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

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 $745,619 home should be assessed near $267,081.

Step 3 · Assessed value

$204,700

Set at the last town-wide revaluation and mostly frozen since. That's $62,381 below what the ratio math suggests (23.4%).

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

$12,278/yr
Public schools$6,832
Passaic County$2,561
Town of Wayne$2,885
Wayne average$13,868

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

Town median 29.7%
This home · 27.5%

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
211 WARBLER DR2026-04$742,0002,07528.7%
19 MORNING WATCH RD2026-03$727,0002,07528.4%
26 EIDER CT2026-02$715,0002,07531.8%
138 LEVINBERG LANE2026-04$700,0002,14631.9%
249 LEVINBERG LANE2025-12$710,0002,14631.4%
200 LEVINBERG LANE2025-11$754,0002,14630.2%
140 LEVINBERG LANE2025-08$710,0002,14631.4%
134 LEVINBERG LANE2025-01$691,0002,14632.3%
59 MORNING WATCH RD2026-04$730,0002,07532.9%
90 WARBLER DR2025-10$748,0002,07528.7%
31 GANNET CT2026-04$775,0002,07527.8%
24 FAIR RIDGE CT2025-11$670,0002,15836.3%

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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 →