The Fair Share Report

155A Ford St

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

≈ $628,639

Likely range $588,407 – $687,828, from 12 comparable Wayne sales in the past 18 months, at this home's 1,900 sq ft.

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 $628,639 home should be assessed near $225,178.

Step 3 · Assessed value

$139,400

Set at the last town-wide revaluation and mostly frozen since. That's $85,778 below what the ratio math suggests (38.1%).

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

$8,361/yr
Public schools$4,653
Passaic County$1,744
Town of Wayne$1,964
Wayne average$13,868

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

Town median 29.7%
This home · 22.2%

15%47%

Keep quiet and enjoy it

This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
32 GREENUP CT2025-10$690,0001,90631.6%
8 TOMAHAWK DRIVE2026-06$730,0001,91530.5%
10 GANNET CT2026-06$700,0001,92030.5%
35 MINNS AVE2025-06$520,0001,88028.2%
55 BOBOLINK COURT2025-12$620,0001,93232.6%
133 EASEDALE RD2026-02$690,0001,94831.8%
6 DOWITCHER CT2025-09$562,0001,92433.1%
7 CONISTON CT2026-03$650,0001,88929.2%
11 BOBOLINK COURT2025-08$605,0001,93236.9%
21 ALPS RD2025-05$712,0001,89825.7%
71 BUTTERNUT DR2025-08$522,0001,90037.8%
10 GREENUP CT2026-02$625,0001,88933.4%

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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 →