The Fair Share Report
21 New 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 $707,082 – $796,119, 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 $739,782 home should be assessed near $264,990.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,390 below what the ratio math suggests (33.0%).
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
17%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 |
|---|---|---|---|---|
| 278 FRENCH HILL RD | 2026-05 | $715,000 | 1,699 | 26.4% |
| 27 GRANDVIEW DR | 2025-10 | $566,000 | 1,764 | 38.9% |
| 44 CEDAR PLACE | 2025-04 | $728,000 | 1,664 | 29.1% |
| 122 BALSAM RD | 2025-09 | $726,000 | 1,791 | 29.6% |
| 134 OAKWOOD DR | 2026-01 | $555,000 | 1,927 | 35.2% |
| 48 DEERFIELD RD | 2026-04 | $832,000 | 1,813 | 27.2% |
| 429 PINES LAKE DR E | 2025-04 | $700,000 | 1,752 | 30.5% |
| 176 BEECHWOOD DR | 2025-10 | $730,000 | 1,867 | 29.6% |
| 197 OAKWOOD DR | 2025-08 | $710,000 | 1,652 | 30.2% |
| 99 CHESTNUT DR | 2025-07 | $807,000 | 2,016 | 28.1% |
| 32 GRAHAM AVE | 2025-08 | $725,000 | 1,830 | 33.2% |
| 15 SUNRISE DR | 2025-02 | $710,000 | 1,815 | 35.8% |
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