The Fair Share Report

23 Dubel Rd

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.

Step 1 · Market value

≈ $682,559

Likely range $614,008 – $700,505, from 12 comparable Wayne sales in the past 18 months, at this home's 1,267 sq ft.

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 $682,559 home should be assessed near $244,493.

Step 3 · Assessed value

$154,400

Set at the last town-wide revaluation and mostly frozen since. That's $90,093 below what the ratio math suggests (36.8%).

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

$9,261/yr
Public schools$5,153
Passaic County$1,932
Town of Wayne$2,176
Wayne average$13,868

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

Town median 29.7%
This home · 22.6%

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)

AddressSoldPriceSq ftRatio
85 SHEFFIELD RD2025-10$805,0001,26422.4%
15 DALEWOOD RD2025-12$475,0001,26132.5%
1 WILLS AVE2025-03$520,0001,26025.1%
812 BLACK OAK RIDGE RD2025-11$690,0001,24824.1%
44 CANTON RD2025-11$735,0001,27524.2%
94 MAC DONALD DR2026-06$620,0001,12729.4%
55 VALLEY VIEW TERR2025-09$702,0001,23827.9%
24 SANDRA LANE2025-05$680,0001,30027.5%
1087 RATZER RD2025-09$635,0001,32029.0%
21 SANDRA LANE2025-02$630,0001,30028.5%
22 WOODLOT RD2026-04$711,1111,32020.6%
96 LIONSHEAD DR E2026-06$655,0001,19727.3%

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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 →