The Fair Share Report
24 Omaha Rd
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 $1,195,269 – $1,935,163, from 12 comparable Wayne sales in the past 18 months, at this home's 4,671 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 $1,397,805 home should be assessed near $500,694.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $168,694 below what the ratio math suggests (33.7%).
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
12%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 |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 23 SURREY DR | 2025-12 | $1,175,000 | 4,952 | 37.1% |
| 986 PINES LAKE DR W | 2025-09 | $1,600,000 | 3,862 | 35.8% |
| 822 VALLEY RD | 2025-01 | $1,180,000 | 3,542 | 24.2% |
| 84 BRANDON AVE | 2026-06 | $1,199,000 | 3,628 | 23.4% |
| 20 MANOR DR | 2025-07 | $1,235,000 | 3,970 | 32.2% |
| 7 WELSH COURT | 2026-02 | $1,075,000 | 4,201 | 30.4% |
| 334 PINES LAKE DR E | 2025-08 | $1,975,000 | 4,664 | 31.0% |
| 48 KATHLEEN COURT | 2025-01 | $865,000 | 3,802 | 36.7% |
| 85 MOUNTAIN RIDGE DR | 2025-10 | $1,500,000 | 3,536 | 23.3% |
| 3 LITTLE PLACE | 2025-07 | $1,245,000 | 4,797 | 30.1% |
| 149 OLDHAM RD | 2026-02 | $890,000 | 3,446 | 34.0% |
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