The Fair Share Report

180 Oldham Rd

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.

Step 1 · Market value

≈ $722,007

Likely range $643,267 – $736,364, from 12 comparable Wayne sales in the past 18 months, at this home's 1,404 sq ft.

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $722,007 home should be assessed near $258,623.

Step 3 · Assessed value

$159,100

Set at the last town-wide revaluation and mostly frozen since. That's $99,523 below what the ratio math suggests (38.5%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$9,543/yr
Public schools$5,310
Passaic County$1,991
Town of Wayne$2,242
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 22.0%

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)

AddressSoldPriceSq ftRatio
26 BRANDYWINE RD2025-07$750,0001,43015.3%
28 ANN ST2026-06$250,0001,39247.8%
651 ALPS RD2025-06$592,0001,51430.6%
KNOX TERRACE2025-09$15,00024.7%
21 ROLLING HILLS DR2025-04$700,0001,36128.2%
42 DEERFIELD RD2025-06$660,0001,45927.4%
1087 RATZER RD2025-09$635,0001,32029.0%
29 ROLLING HILLS DR2025-12$750,0001,45625.4%
24 SANDRA LANE2025-05$680,0001,30027.5%
812 BLACK OAK RIDGE RD2025-11$690,0001,24824.1%
21 SANDRA LANE2025-02$630,0001,30028.5%
42 CECILIA DR2025-08$690,0001,50632.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →