The Fair Share Report
15 Summit 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 $677,693 – $834,167, from 12 comparable Wayne sales in the past 18 months, at this home's 2,353 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 $768,923 home should be assessed near $275,428.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,328 below what the ratio math suggests (7.7%).
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 |
|---|---|---|---|---|
| 4 LENAPE TRAIL | 2025-09 | $650,000 | 2,312 | 33.5% |
| 99 BEECH TERR | 2026-05 | $815,000 | 2,494 | 26.4% |
| 18 SOUTH RD | 2026-05 | $650,000 | 2,275 | 26.1% |
| 40 LAKE DR E | 2025-09 | $816,000 | 2,258 | 28.4% |
| 53 SUNSET TERR | 2025-08 | $760,000 | 2,463 | 34.5% |
| 108 ALGONQUIN TRAIL | 2025-01 | $905,000 | 2,620 | 28.0% |
| 79 LIONSHEAD DR W | 2025-12 | $735,000 | 2,006 | 28.8% |
| 14 ONEIDA TRAIL | 2026-03 | $765,000 | 2,636 | 29.4% |
| 47 LAUREL DR | 2026-06 | $730,000 | 2,076 | 26.8% |
| 5 FERNDALE RD | 2026-04 | $710,000 | 2,146 | 27.3% |
| 134 OAKWOOD DR | 2026-01 | $555,000 | 1,927 | 35.2% |
| 97 GREEN KNOLLS DR | 2025-09 | $900,000 | 2,336 | 27.1% |
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