The Fair Share Report
2 Bourbon St
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 $906,539 – $1,342,775, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).
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 $1,069,349 home should be assessed near $383,041.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,259 above what the ratio math suggests (12.9%).
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%53%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 78 VERKADE DR | 2025-10 | $999,999 | 3,344 | 37.2% |
| 47 ROBIN HOOD WAY | 2025-08 | $1,160,000 | 3,576 | 29.4% |
| 1316 ALPS RD | 2026-04 | $850,000 | 3,220 | 30.5% |
| 85 PANCAKE HOLLOW DR | 2025-06 | $955,000 | 3,527 | 28.4% |
| 26 STRATTON DR | 2026-01 | $1,400,000 | 3,543 | 29.6% |
| 36 YELLOWBRICK RD | 2026-04 | $1,030,000 | 3,646 | 30.6% |
| 12 WOODLAND CT | 2025-08 | $1,417,000 | 3,717 | 28.2% |
| 1360 HAMBURG TPKE | 2026-06 | $620,000 | 3,955 | 33.9% |
| 295 FRENCH HILL RD | 2025-08 | $995,000 | 3,280 | 33.1% |
| 111 PACKANACK LK RD | 2025-10 | $675,000 | 3,468 | 38.3% |
| 8 WHEELER RD | 2025-10 | $1,025,000 | 3,256 | 40.1% |
| 1360 HAMBURG TPKE | 2025-08 | $925,000 | 4,050 | 25.6% |
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