The Fair Share Report

19 Warbler Dr

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

≈ $645,267

Likely range $588,313 – $758,325, 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 $645,267 home should be assessed near $231,135.

Step 3 · Assessed value

$233,100

Set at the last town-wide revaluation and mostly frozen since. That's $1,965 above what the ratio math suggests (0.9%).

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

$13,981/yr
Public schools$7,780
Passaic County$2,917
Town of Wayne$3,285
Wayne average$13,868

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

Town median 29.7%
This home · 36.1%

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
39 CAREY ARTHUR DR2026-05$745,0002,41926.6%
87 BUTTERNUT DR2026-06$720,0002,41929.1%
24 PONDS CIRCLE2026-05$600,0002,42035.0%
16 PONDS CIRCLE2025-02$645,0002,42030.3%
285 LEVINBERG LANE2025-11$795,0002,38931.8%
252 LEVINBERG LANE2025-10$725,0002,38934.8%
238 LEVINBERG LANE2025-02$805,0002,38931.4%
22 SUMMER HILL RD2024-12$679,5002,44837.1%
29 PONDS CIRCLE2026-03$561,5002,33640.1%
47 MATTHEW RD2026-04$620,0002,54934.6%
53 PONDS CIRCLE2026-02$625,0002,52138.1%
75 SPRING HILL CIRCLE2025-06$625,0002,36633.5%

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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 →