The Fair Share Report
22 Leo Pl
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 $565,249 – $783,426, 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 $691,743 home should be assessed near $247,782.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,482 below what the ratio math suggests (40.6%).
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
13%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 |
|---|---|---|---|---|
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
| 21 ALPS RD | 2025-05 | $712,000 | 1,898 | 25.7% |
| 53 HAMILTON AVE | 2025-04 | $775,000 | 1,830 | 25.7% |
| 217 ALPS RD | 2025-11 | $685,000 | 1,654 | 25.6% |
| 155A FORD ST | 2025-07 | $540,000 | 1,900 | 25.8% |
| 134 OAKWOOD DR | 2026-01 | $555,000 | 1,927 | 35.2% |
| 25 FERNDALE RD | 2025-09 | $785,000 | 1,894 | 23.7% |
| 176 BEECHWOOD DR | 2025-10 | $730,000 | 1,867 | 29.6% |
| 32 GRAHAM AVE | 2025-08 | $725,000 | 1,830 | 33.2% |
| 185 OAKWOOD DR | 2025-05 | $630,000 | 1,768 | 32.7% |
| 27 GRANDVIEW DR | 2025-10 | $566,000 | 1,764 | 38.9% |
| 8 THOMAS TERR | 2025-07 | $730,000 | 1,730 | 28.9% |
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