The Fair Share Report

19 Rigby Ct

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

≈ $874,008

Likely range $786,055 – $949,843, 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 $874,008 home should be assessed near $313,070.

Step 3 · Assessed value

$270,400

Set at the last town-wide revaluation and mostly frozen since. That's $42,670 below what the ratio math suggests (13.6%).

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%

This home's own bill implies $5.906 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$15,969/yr
Public schools$8,886
Passaic County$3,331
Town of Wayne$3,752
Wayne average$13,868

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

Town median 29.7%
This home · 30.9%

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
80 PALMER DR2025-03$815,0002,31229.4%
35 DARLINGTON DR2026-04$940,0002,24525.9%
14 ARUNDEL RD2025-07$835,0002,28331.0%
10 WINONAH AVE2026-06$999,9992,36825.9%
38 STIRLING LANE2025-12$865,0002,32633.1%
8 AMBOY RD2026-06$920,0002,28725.1%
25 ASHBURN RD2025-08$950,0002,42330.0%
5 WINONAH AVE2025-02$615,0002,40835.5%
121 BALDWIN TERR2025-07$935,0002,28827.5%
16 HIGHLAND TERR2025-10$887,0302,31632.4%
30 SINCLAIR DR2025-10$749,0002,17630.9%
12 BAKER ST2025-10$825,0002,47932.8%

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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 →