The Fair Share Report
19 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 $518,724 – $712,733, from 12 comparable Wayne sales in the past 18 months, at this home's 1,360 sq ft.
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 $659,077 home should be assessed near $236,081.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,881 below what the ratio math suggests (47.4%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $5.797 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
12%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 |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 28 STYLON RD | 2025-09 | $510,000 | 1,504 | 30.2% |
| 7A TOSCH AVE | 2025-02 | $577,000 | 1,300 | 30.8% |
| 2 WHITE OAK LANE | 2026-05 | $720,000 | 1,382 | 23.9% |
| 21 ROLLING HILLS DR | 2025-04 | $700,000 | 1,361 | 28.2% |
| 29 STYLON RD | 2025-06 | $675,000 | 1,288 | 20.8% |
| 15 JUDITH PLACE | 2025-04 | $718,000 | 1,302 | 24.6% |
| 72 BAYWOOD TERR | 2025-06 | $670,000 | 1,590 | 26.1% |
| 219 LINDEN RD | 2026-04 | $767,000 | 1,322 | 26.1% |
| 33 JEROME PLACE | 2025-07 | $550,000 | 1,442 | 32.1% |
| 22 WOODLOT RD | 2026-04 | $711,111 | 1,320 | 20.6% |
| 28 ANN ST | 2026-06 | $250,000 | 1,392 | 47.8% |
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