The Fair Share Report
15 Mandon 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 $757,618 – $902,697, 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 $845,666 home should be assessed near $302,918.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,418 below what the ratio math suggests (17.0%).
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 |
|---|---|---|---|---|
| 109 CAROL PLACE | 2025-07 | $650,000 | 2,200 | 34.5% |
| 66 LEONARD TERR | 2026-01 | $757,000 | 2,202 | 30.0% |
| 38 AUGUSTA DR | 2026-01 | $750,000 | 2,134 | 29.3% |
| 16 HIGHLAND TERR | 2025-10 | $887,030 | 2,316 | 32.4% |
| 39 TERRACE RD | 2025-09 | $900,000 | 2,196 | 25.8% |
| 12 HARMONY LANE | 2025-09 | $925,000 | 2,260 | 26.9% |
| 16 BALDWIN TERR | 2025-09 | $869,000 | 2,154 | 29.8% |
| 27 COLVILLE RD | 2026-01 | $689,000 | 2,186 | 27.4% |
| 8 AMBOY RD | 2026-06 | $920,000 | 2,287 | 25.1% |
| 258 TOTOWA RD | 2025-01 | $780,000 | 2,108 | 26.1% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 28 AUGUSTA DR | 2025-04 | $815,000 | 2,032 | 31.2% |
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