The Fair Share Report
24 Hampton Terr
Wayne, NJ 07470
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
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This home's payments are about right
It sits inside Wayne's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $706,391 – $825,264, from 12 comparable Wayne sales in the past 18 months, at this home's 1,898 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 $755,917 home should be assessed near $270,769.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,869 below what the ratio math suggests (9.6%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 COVENTRY RD | 2025-08 | $749,000 | 1,898 | 30.2% |
| 26 GREENRALE AVE | 2026-04 | $782,000 | 1,879 | 28.2% |
| 40 MONTEREY DR | 2025-05 | $870,000 | 1,932 | 24.1% |
| 35 MEDFORD PLACE | 2025-11 | $735,000 | 1,898 | 37.3% |
| 60 FURMAN DR | 2025-08 | $782,000 | 1,898 | 30.8% |
| 122 WEBSTER DR | 2026-02 | $703,000 | 1,898 | 36.1% |
| 40 BRAEMAR DR | 2025-09 | $878,000 | 1,898 | 28.3% |
| 5 BURNSIDE PLACE | 2026-06 | $635,000 | 1,888 | 34.2% |
| 11 KIMBERLY PLACE | 2026-02 | $759,900 | 1,908 | 29.4% |
| 7 KNIGHT RD | 2025-07 | $855,000 | 1,882 | 25.1% |
| 7 HANOVER PLACE | 2025-09 | $725,000 | 1,948 | 27.6% |
| 84 BALDWIN TERR | 2025-09 | $700,000 | 1,958 | 33.3% |
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