The Fair Share Report
25 Orange Pl
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 $1,041,896 – $1,473,839, 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 $1,352,589 home should be assessed near $484,497.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,197 below what the ratio math suggests (2.3%).
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%51%
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 |
|---|---|---|---|---|
| 20 MANOR DR | 2025-07 | $1,235,000 | 3,970 | 32.2% |
| 48 KATHLEEN COURT | 2025-01 | $865,000 | 3,802 | 36.7% |
| 7 WELSH COURT | 2026-02 | $1,075,000 | 4,201 | 30.4% |
| 986 PINES LAKE DR W | 2025-09 | $1,600,000 | 3,862 | 35.8% |
| 23 SURREY DR | 2025-12 | $1,175,000 | 4,952 | 37.1% |
| 84 BRANDON AVE | 2026-06 | $1,199,000 | 3,628 | 23.4% |
| 53 PALMER DR | 2025-05 | $1,175,000 | 3,497 | 27.8% |
| 134 ANDOVER DR | 2026-01 | $775,000 | 3,372 | 35.0% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 6 KIPP CT | 2025-09 | $980,000 | 3,350 | 33.0% |
| 11 ABERDEEN AVE | 2025-01 | $825,000 | 3,241 | 37.0% |
| 45 KIME AVE | 2026-06 | $999,000 | 3,158 | 29.9% |
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