The Fair Share Report

183 Warbler Dr

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

≈ $643,205

Likely range $619,100 – $814,489, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

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 $643,205 home should be assessed near $230,396.

Step 3 · Assessed value

$247,700

Set at the last town-wide revaluation and mostly frozen since. That's $17,304 above what the ratio math suggests (7.5%).

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

$14,857/yr
Public schools$8,267
Passaic County$3,099
Town of Wayne$3,491
Wayne average$13,868

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

Town median 29.7%
This home · 38.5%

19%47%

Paying about right

This home's ratio lands inside Wayne's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
47 MATTHEW RD2026-04$620,0002,54934.6%
1360 HAMBURG TPKE2025-05$440,0002,60035.6%
39 CAREY ARTHUR DR2026-05$745,0002,41926.6%
53 PONDS CIRCLE2026-02$625,0002,52138.1%
87 BUTTERNUT DR2026-06$720,0002,41929.1%
49 PONDS CIRCLE2025-04$660,0002,63331.9%
1360 HAMBURG TPKE2026-03$685,0002,74825.2%
1360 HAMBURG TPKE2025-07$520,0002,75531.3%
24 PONDS CIRCLE2026-05$600,0002,42035.0%
16 PONDS CIRCLE2025-02$645,0002,42030.3%
285 LEVINBERG LANE2025-11$795,0002,38931.8%
252 LEVINBERG LANE2025-10$725,0002,38934.8%

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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 →