The Fair Share Report
158 Lake Dr E
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 $733,358 – $840,524, 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 $763,349 home should be assessed near $273,432.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,432 below what the ratio math suggests (7.5%).
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 |
|---|---|---|---|---|
| 15 ELLA LANE | 2026-06 | $822,000 | 2,076 | 27.3% |
| 3 CLIFFORD DR | 2025-05 | $750,000 | 2,034 | 25.9% |
| 28 AUGUSTA DR | 2025-04 | $815,000 | 2,032 | 31.2% |
| 258 TOTOWA RD | 2025-01 | $780,000 | 2,108 | 26.1% |
| 7 SWAN TERR | 2025-07 | $852,000 | 1,978 | 28.2% |
| 30 MARLO RD | 2025-02 | $769,900 | 2,052 | 29.6% |
| 20 PITMAN PLACE | 2025-12 | $745,000 | 2,078 | 34.7% |
| 38 AUGUSTA DR | 2026-01 | $750,000 | 2,134 | 29.3% |
| 18 BREEN TERR | 2025-07 | $861,000 | 2,144 | 31.2% |
| 11 KING COURT | 2025-01 | $830,000 | 2,077 | 26.2% |
| 12 KINGSTON RD | 2026-02 | $750,000 | 2,032 | 27.8% |
| 16 ATWOOD PLACE | 2025-09 | $729,000 | 1,992 | 31.2% |
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