The Fair Share Report
232 Beech Terr
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 $696,103 – $850,547, 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 $754,721 home should be assessed near $270,341.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,641 below what the ratio math suggests (7.6%).
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
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 |
|---|---|---|---|---|
| 30 SINCLAIR DR | 2025-10 | $749,000 | 2,176 | 30.9% |
| 26 AUDUBON PKWY | 2025-10 | $625,000 | 2,314 | 27.4% |
| 27 COLVILLE RD | 2026-01 | $689,000 | 2,186 | 27.4% |
| 35 DARLINGTON DR | 2026-04 | $940,000 | 2,245 | 25.9% |
| 5 FERNDALE RD | 2026-04 | $710,000 | 2,146 | 27.3% |
| 11 KING COURT | 2025-01 | $830,000 | 2,077 | 26.2% |
| 31 MYRTLE AVE | 2025-06 | $680,000 | 2,002 | 31.5% |
| 38 AUGUSTA DR | 2026-01 | $750,000 | 2,134 | 29.3% |
| 20 PITMAN PLACE | 2025-12 | $745,000 | 2,078 | 34.7% |
| 80 PALMER DR | 2025-03 | $815,000 | 2,312 | 29.4% |
| 258 TOTOWA RD | 2025-01 | $780,000 | 2,108 | 26.1% |
| 444 BLACK OAK RIDGE RD | 2025-09 | $777,000 | 2,003 | 29.3% |
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