The Fair Share Report

19 Robin 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.

Step 1 · Market value

≈ $804,791

Likely range $753,749 – $886,156, 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 $804,791 home should be assessed near $288,276.

Step 3 · Assessed value

$248,200

Set at the last town-wide revaluation and mostly frozen since. That's $40,076 below what the ratio math suggests (13.9%).

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

$14,887/yr
Public schools$8,284
Passaic County$3,106
Town of Wayne$3,498
Wayne average$13,868

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

Town median 29.7%
This home · 30.8%

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
109 CAROL PLACE2025-07$650,0002,20034.5%
38 AUGUSTA DR2026-01$750,0002,13429.3%
66 LEONARD TERR2026-01$757,0002,20230.0%
16 BALDWIN TERR2025-09$869,0002,15429.8%
258 TOTOWA RD2025-01$780,0002,10826.1%
28 AUGUSTA DR2025-04$815,0002,03231.2%
27 COLVILLE RD2026-01$689,0002,18627.4%
20 PITMAN PLACE2025-12$745,0002,07834.7%
15 ELLA LANE2026-06$822,0002,07627.3%
16 HIGHLAND TERR2025-10$887,0302,31632.4%
39 TERRACE RD2025-09$900,0002,19625.8%
63 ELERON PLACE2026-01$800,0002,16631.3%

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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 →