The Fair Share Report

20 Kievit Rd

Wayne, NJ 07436

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

≈ $614,342

Likely range $497,338 – $738,674, 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 $614,342 home should be assessed near $220,057.

Step 3 · Assessed value

$139,900

Set at the last town-wide revaluation and mostly frozen since. That's $80,157 below what the ratio math suggests (36.4%).

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

$8,391/yr
Public schools$4,669
Passaic County$1,750
Town of Wayne$1,972
Wayne average$13,868

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

Town median 29.7%
This home · 22.8%

13%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
2 WHITE OAK LANE2026-05$720,0001,38223.9%
14 VALHALLA WAY2025-12$590,0001,46432.5%
19 LEO PLACE2025-06$489,0001,36025.4%
16 HILLSIDE TERR2026-05$650,0001,44628.3%
33 JEROME PLACE2025-07$550,0001,44232.1%
15 JUDITH PLACE2025-04$718,0001,30224.6%
230 MAC DONALD DR2025-06$300,0001,45062.6%
375 ALPS RD2025-03$610,0001,42029.8%
22 WOODLOT RD2026-04$711,1111,32020.6%
44 HILLCREST DR2025-09$635,0001,41432.0%
34 OAKWOOD DR2025-03$620,0001,24831.0%
91 BEECHWOOD DR2026-05$767,5001,32025.0%

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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 →