The Fair Share Report
15 Holmes Ln
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 $580,435 – $646,410, 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 $605,883 home should be assessed near $217,027.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,427 below what the ratio math suggests (8.0%).
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 |
|---|---|---|---|---|
| 801 FOUR SEASONS DR | 2025-12 | $530,000 | — | 31.2% |
| 8005 BRITTANY DR | 2026-04 | $570,000 | 1,804 | 33.9% |
| 8015 BRITTANY DR | 2026-03 | $565,000 | 1,804 | 33.2% |
| 8616 BRITTANY DR | 2026-04 | $600,000 | 1,804 | 31.3% |
| 8028 BRITTANY DR | 2025-04 | $527,500 | 1,804 | 36.6% |
| 8307 BRITTANY DR | 2025-02 | $555,000 | 1,804 | 32.2% |
| 8026 BRITTANY DR | 2025-05 | $523,000 | 1,628 | 36.9% |
| 8012 BRITTANY DR | 2025-03 | $490,000 | 1,628 | 37.3% |
| 5 WILLS AVE | 2025-08 | $685,000 | 2,128 | 33.2% |
| 1106 FOUR SEASONS DR | 2025-08 | $573,000 | 1,629 | 29.2% |
| 1015 FOUR SEASONS DR | 2025-04 | $551,015 | 1,629 | 30.4% |
| 407 FOUR SEASONS DR | 2025-02 | $564,000 | 1,629 | 29.5% |
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