The Fair Share Report
162 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $711,090 – $778,714, from 12 comparable Wayne sales in the past 18 months, at this home's 2,180 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 $765,946 home should be assessed near $274,362.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $108,062 below what the ratio math suggests (39.4%).
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 |
|---|---|---|---|---|
| 35 MINNS AVE | 2025-06 | $520,000 | 1,880 | 28.2% |
| 21 ALPS RD | 2025-05 | $712,000 | 1,898 | 25.7% |
| 47 LAUREL DR | 2026-06 | $730,000 | 2,076 | 26.8% |
| 498 PINES LAKE DR E | 2025-07 | $675,000 | 1,773 | 27.8% |
| 10 WHIMBLE CT | 2025-04 | $680,000 | 2,075 | 36.8% |
| 155A FORD ST | 2025-07 | $540,000 | 1,900 | 25.8% |
| 6 TOMAHAWK DRIVE | 2025-10 | $778,000 | 2,178 | 30.2% |
| 59 MORNING WATCH RD | 2026-04 | $730,000 | 2,075 | 32.9% |
| 90 WARBLER DR | 2025-10 | $748,000 | 2,075 | 28.7% |
| 174 HILLCREST DR | 2026-03 | $760,000 | 2,136 | 28.8% |
| 6 BIRDSEYE CIRCLE | 2025-01 | $645,000 | 2,178 | 36.2% |
| 138 LEVINBERG LANE | 2026-04 | $700,000 | 2,146 | 31.9% |
Is this your house?
Run your own report →