The Fair Share Report
16 Raymar 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 $849,760 – $1,012,568, from 12 comparable Wayne sales in the past 18 months, at this home's 2,612 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 $934,754 home should be assessed near $334,829.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,229 below what the ratio math suggests (34.1%).
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
16%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 HARWOOD PLACE | 2026-06 | $1,105,000 | 2,566 | 26.1% |
| 27 BRISTOL PLACE | 2025-07 | $990,000 | 2,609 | 29.4% |
| 16 LAWRENCE RD | 2026-05 | $1,280,000 | 2,538 | 23.8% |
| 69 NORMANDY DR | 2025-12 | $710,000 | 2,606 | 35.0% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 32 SEARS PLACE | 2025-05 | $840,000 | 2,582 | 31.6% |
| 90 BIRCHWOOD TERR | 2026-04 | $977,000 | 2,654 | 28.6% |
| 6 WEBSTER DR | 2025-09 | $999,000 | 2,577 | 24.4% |
| 12 BAKER ST | 2025-10 | $825,000 | 2,479 | 32.8% |
| 37 LARKSPUR RD | 2025-04 | $880,000 | 2,459 | 34.1% |
| 134 LAAUWE AVE | 2025-02 | $800,000 | 2,662 | 30.5% |
| 5 WINONAH AVE | 2025-02 | $615,000 | 2,408 | 35.5% |
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