The Fair Share Report

26 Brandywine 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.

Step 1 · Market value

≈ $511,049

Likely range $478,230 – $655,179, from 12 comparable Wayne sales in the past 18 months, at this home's 1,430 sq ft.

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 $511,049 home should be assessed near $183,058.

Step 3 · Assessed value

$114,400

Set at the last town-wide revaluation and mostly frozen since. That's $68,658 below what the ratio math suggests (37.5%).

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%

This home's own bill implies $10.643 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$12,176/yr
Public schools$6,775
Passaic County$2,540
Town of Wayne$2,861
Wayne average$13,868

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

Town median 29.7%
This home · 22.4%

12%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
511 BRITTANY DR2026-04$515,0001,45128.0%
611 BRITTANY DR2025-10$460,0001,45131.4%
42 CECILIA DR2025-08$690,0001,50632.2%
703 FOUR SEASONS DR2026-06$510,0001,52529.9%
511 FOUR SEASONS DR2026-03$545,0001,52528.0%
1302 FOUR SEASONS DR2025-11$510,0001,52529.7%
103 FOUR SEASONS DR2025-11$480,0001,52531.5%
1410 FOUR SEASONS DR2025-05$569,0001,52526.8%
1087 RATZER RD2025-09$635,0001,32029.0%
703 BRITTANY DR2026-03$486,0001,33128.9%
146 GARSIDE AVE2026-02$500,0001,54830.4%
144 GARSIDE AVE2025-11$535,0001,54828.1%

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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 →