The Fair Share Report
2 Parkside 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $674,316 – $753,099, 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 $718,790 home should be assessed near $257,471.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $79,471 below what the ratio math suggests (30.9%).
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
18%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 59 SUMMER HILL RD | 2025-07 | $690,000 | 2,114 | 32.8% |
| 801 FOUR SEASONS DR | 2025-12 | $530,000 | — | 31.2% |
| 5 WILLS AVE | 2025-08 | $685,000 | 2,128 | 33.2% |
| 211 WARBLER DR | 2026-04 | $742,000 | 2,075 | 28.7% |
| 31 GANNET CT | 2026-04 | $775,000 | 2,075 | 27.8% |
| 59 MORNING WATCH RD | 2026-04 | $730,000 | 2,075 | 32.9% |
| 19 MORNING WATCH RD | 2026-03 | $727,000 | 2,075 | 28.4% |
| 26 EIDER CT | 2026-02 | $715,000 | 2,075 | 31.8% |
| 90 WARBLER DR | 2025-10 | $748,000 | 2,075 | 28.7% |
| 10 WHIMBLE CT | 2025-04 | $680,000 | 2,075 | 36.8% |
| 34 LEWIS ST | 2026-05 | $810,000 | 2,102 | 28.5% |
| 138 LEVINBERG LANE | 2026-04 | $700,000 | 2,146 | 31.9% |
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