The Fair Share Report
19 Point 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 $1,618,448 – $2,034,978, from 12 comparable Wayne sales in the past 18 months, at this home's 5,527 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 $1,751,333 home should be assessed near $627,327.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $523,073 above what the ratio math suggests (83.4%).
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%77%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (41.19%) — roughly $31,374/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1118 PINES LAKE DR W | 2025-10 | $2,430,000 | 5,041 | 33.3% |
| 43 HORIZON DR | 2025-05 | $1,420,000 | 4,839 | 34.8% |
| 23 HORIZON DR | 2025-06 | $1,580,000 | 4,733 | 39.1% |
| 18 GATES PLACE | 2025-05 | $1,502,000 | 5,007 | 38.8% |
| 115 LAKE DR E | 2025-01 | $1,700,000 | 5,365 | 24.6% |
| 5 MONTAUK TRAIL | 2025-12 | $1,540,000 | 6,048 | 38.0% |
| 111 CHOPIN DR | 2026-05 | $1,400,000 | 4,781 | 33.9% |
| 334 PINES LAKE DR E | 2025-08 | $1,975,000 | 4,664 | 31.0% |
| 180 PINES LAKE DR E | 2025-09 | $2,200,000 | 5,430 | 26.8% |
| 14 WEINMANNS BLVD | 2026-06 | $1,450,000 | 5,123 | 21.4% |
| 156 CHEYENNE WAY | 2026-06 | $1,500,000 | 4,400 | 31.7% |
| 32 APACHE RD | 2025-05 | $1,200,000 | 4,396 | 40.9% |
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