The Fair Share Report
23 Pitman 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 $892,902 – $1,088,791, from 12 comparable Wayne sales in the past 18 months, at this home's 3,112 sq ft.
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 $952,555 home should be assessed near $341,205.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,405 below what the ratio math suggests (13.0%).
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
19%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 KING COURT | 2025-07 | $925,000 | 3,124 | 27.0% |
| 12 CHRISTINE COURT | 2025-04 | $999,999 | 3,267 | 30.8% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 406 INDIAN RD | 2026-06 | $908,000 | 2,950 | 31.7% |
| 60 BRANDON AVE | 2025-12 | $680,000 | 3,234 | 38.0% |
| 18 HARWOOD PLACE | 2026-05 | $920,000 | 3,238 | 33.9% |
| 1008 VALLEY RD | 2025-01 | $998,000 | 3,205 | 28.8% |
| 62 WILSON AVE | 2025-05 | $1,065,000 | 3,044 | 31.4% |
| 59 LAAUWE AVE | 2026-06 | $1,265,000 | 2,894 | 26.6% |
| 11 COPLEY COURT | 2025-02 | $950,000 | 3,311 | 33.2% |
| 23 PERRIN DR | 2025-11 | $1,450,000 | 3,305 | 23.8% |
| 4 CORVAIR PLACE | 2025-09 | $815,000 | 2,872 | 32.4% |
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