The Fair Share Report
2 Warner Way
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 $1,094,096 – $1,504,993, 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 $1,301,611 home should be assessed near $466,237.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,163 above what the ratio math suggests (7.3%).
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%51%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1360 HAMBURG TPKE | 2025-08 | $925,000 | 4,050 | 25.6% |
| 1360 HAMBURG TPKE | 2026-06 | $620,000 | 3,955 | 33.9% |
| 12 JENNY LANE | 2025-09 | $1,299,900 | 4,394 | 29.8% |
| 7 WELSH COURT | 2026-02 | $1,075,000 | 4,201 | 30.4% |
| 535 COLFAX RD | 2025-01 | $1,030,000 | 4,014 | 34.3% |
| 63 WESTVIEW RD | 2025-11 | $1,620,000 | 4,232 | 30.4% |
| 32 APACHE RD | 2025-05 | $1,200,000 | 4,396 | 40.9% |
| 31 BOURBON ST | 2025-07 | $1,400,000 | 3,998 | 29.2% |
| 3 LITTLE PLACE | 2025-07 | $1,245,000 | 4,797 | 30.1% |
| 7 SOLDATOVIC COURT | 2025-09 | $1,400,000 | 4,255 | 34.9% |
| 24 APACHE RD | 2025-01 | $1,200,000 | 4,010 | 27.8% |
| 23 SURREY DR | 2025-12 | $1,175,000 | 4,952 | 37.1% |
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