The Fair Share Report
24 Ellen Ln
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 $632,206 – $844,595, 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 $780,000 home should be assessed near $279,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,096 below what the ratio math suggests (39.4%).
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
15%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 |
|---|---|---|---|---|
| 67 DARLINGTON DR | 2025-12 | $700,000 | 1,756 | 33.1% |
| 18 CHANDLER DR | 2025-05 | $687,000 | 1,856 | 38.1% |
| 51 CARLISLE RD | 2026-03 | $840,000 | 1,794 | 26.8% |
| 15 STUCKLER LANE | 2026-06 | $950,000 | 1,771 | 23.8% |
| 31 GARFIELD RD | 2025-11 | $780,000 | 1,775 | 27.1% |
| 1006 BLACK OAK RIDGE RD | 2026-06 | $660,000 | 1,786 | 24.8% |
| 32 AUGUSTA DR | 2026-03 | $780,000 | 1,832 | 27.1% |
| 7 KIRK TERR | 2025-07 | $861,000 | 1,800 | 29.2% |
| 167 VALLEY RD | 2025-08 | $640,000 | 1,753 | 29.2% |
| 3 LYLE AVE | 2025-01 | $815,000 | 1,786 | 28.4% |
| 7 KNIGHT RD | 2025-07 | $855,000 | 1,882 | 25.1% |
| 17 KING COURT | 2025-07 | $650,000 | 1,740 | 35.2% |
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