The Fair Share Report

259 Dorsa Ave

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.

Step 1 · Market value

≈ $624,641

Likely range $589,123 – $673,571, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $624,641 home should be assessed near $223,746.

Step 3 · Assessed value

$151,700

Set at the last town-wide revaluation and mostly frozen since. That's $72,046 below what the ratio math suggests (32.2%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$9,099/yr
Public schools$5,063
Passaic County$1,898
Town of Wayne$2,138
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 24.3%

17%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)

AddressSoldPriceSq ftRatio
8005 BRITTANY DR2026-04$570,0001,80433.9%
8015 BRITTANY DR2026-03$565,0001,80433.2%
100 CLARK ST2025-02$560,0001,64027.9%
34 LEWIS ST2026-05$810,0002,10228.5%
31 POINT VIEW PARKWAY2026-02$450,00031.8%
8616 BRITTANY DR2026-04$600,0001,80431.3%
138 LEVINBERG LANE2026-04$700,0002,14631.9%
249 LEVINBERG LANE2025-12$710,0002,14631.4%
200 LEVINBERG LANE2025-11$754,0002,14630.2%
140 LEVINBERG LANE2025-08$710,0002,14631.4%
134 LEVINBERG LANE2025-01$691,0002,14632.3%
8028 BRITTANY DR2025-04$527,5001,80436.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →