The Fair Share Report
165 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 $525,432 – $645,504, 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 $599,836 home should be assessed near $214,861.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,161 below what the ratio math suggests (40.1%).
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
14%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 |
|---|---|---|---|---|
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
| 217 ALPS RD | 2025-11 | $685,000 | 1,654 | 25.6% |
| 21 ALPS RD | 2025-05 | $712,000 | 1,898 | 25.7% |
| 202 NEWARK POMPTON TPKE | 2025-12 | $470,000 | 1,616 | 34.7% |
| 153 RYERSON AVE | 2025-06 | $475,000 | 1,404 | 27.5% |
| 498 PINES LAKE DR E | 2025-07 | $675,000 | 1,773 | 27.8% |
| 77 CHESTNUT DR | 2025-12 | $466,000 | 1,614 | 43.1% |
| 155A FORD ST | 2025-07 | $540,000 | 1,900 | 25.8% |
| 40 PROSPECT RD | 2025-10 | $620,000 | 1,600 | 25.6% |
| 41 BRIARWOOD RD | 2025-06 | $665,000 | 1,672 | 26.8% |
| 104 OLDHAM RD | 2025-08 | $530,000 | 1,373 | 26.0% |
| 50 LEONARD TERR | 2025-11 | $680,000 | 1,536 | 25.7% |
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