The Fair Share Report
23 Wanda Ave
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 $709,786 – $870,766, 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 $804,169 home should be assessed near $288,053.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,353 below what the ratio math suggests (18.5%).
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 |
|---|---|---|---|---|
| 32 AUGUSTA DR | 2026-03 | $780,000 | 1,832 | 27.1% |
| 26 GREENRALE AVE | 2026-04 | $782,000 | 1,879 | 28.2% |
| 51 CARLISLE RD | 2026-03 | $840,000 | 1,794 | 26.8% |
| 116 CAROL PLACE | 2026-06 | $950,000 | 1,848 | 22.4% |
| 7 KIRK TERR | 2025-07 | $861,000 | 1,800 | 29.2% |
| 15 COVENTRY RD | 2025-08 | $749,000 | 1,898 | 30.2% |
| 15 STUCKLER LANE | 2026-06 | $950,000 | 1,771 | 23.8% |
| 1006 BLACK OAK RIDGE RD | 2026-06 | $660,000 | 1,786 | 24.8% |
| 35 MEDFORD PLACE | 2025-11 | $735,000 | 1,898 | 37.3% |
| 60 FURMAN DR | 2025-08 | $782,000 | 1,898 | 30.8% |
| 40 BRAEMAR DR | 2025-09 | $878,000 | 1,898 | 28.3% |
| 40 MONTEREY DR | 2025-05 | $870,000 | 1,932 | 24.1% |
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