The Fair Share Report
18 Leo Pl
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 $491,521 – $730,035, 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 $607,157 home should be assessed near $217,484.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,784 below what the ratio math suggests (55.1%).
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
8%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 |
|---|---|---|---|---|
| 16 HILLSIDE TERR | 2026-05 | $650,000 | 1,446 | 28.3% |
| 34 OAKWOOD DR | 2025-03 | $620,000 | 1,248 | 31.0% |
| 22 WOODLOT RD | 2026-04 | $711,111 | 1,320 | 20.6% |
| 2 WHITE OAK LANE | 2026-05 | $720,000 | 1,382 | 23.9% |
| 44 HILLCREST DR | 2025-09 | $635,000 | 1,414 | 32.0% |
| 375 ALPS RD | 2025-03 | $610,000 | 1,420 | 29.8% |
| 91 BEECHWOOD DR | 2026-05 | $767,500 | 1,320 | 25.0% |
| 230 MAC DONALD DR | 2025-06 | $300,000 | 1,450 | 62.6% |
| 15 JUDITH PLACE | 2025-04 | $718,000 | 1,302 | 24.6% |
| 14 VALHALLA WAY | 2025-12 | $590,000 | 1,464 | 32.5% |
| 19 LEO PLACE | 2025-06 | $489,000 | 1,360 | 25.4% |
| 33 JEROME PLACE | 2025-07 | $550,000 | 1,442 | 32.1% |
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