The Fair Share Report
188 Valley 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $498,305 – $624,851, 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 $569,005 home should be assessed near $203,818.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,618 below what the ratio math suggests (7.2%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 281 NEWARK POMPTON TPKE | 2025-05 | $490,000 | 1,300 | 36.8% |
| 146 GARSIDE AVE | 2026-02 | $500,000 | 1,548 | 30.4% |
| 144 GARSIDE AVE | 2025-11 | $535,000 | 1,548 | 28.1% |
| 33 IOWA RD | 2025-04 | $715,000 | 1,830 | 34.1% |
| 197 RATZER RD | 2025-10 | $900,000 | 1,876 | 25.8% |
| 142 GARSIDE AVE | 2025-07 | $529,000 | 1,692 | 30.0% |
| 6 HANSEN PLACE | 2026-04 | $605,000 | 1,616 | 24.4% |
| 9 HANSEN PLACE | 2025-04 | $628,750 | 1,616 | 23.7% |
| 95 MAC DONALD DR | 2025-09 | $700,000 | 1,512 | 29.4% |
| 1 HANSEN PLACE | 2025-03 | $595,000 | 1,648 | 32.7% |
| 8605 BRITTANY DR | 2026-05 | $480,000 | 1,628 | 35.3% |
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