The Fair Share Report

27 Ann St

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

≈ $611,648

Likely range $423,761 – $722,151, 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 $611,648 home should be assessed near $219,092.

Step 3 · Assessed value

$93,400

Set at the last town-wide revaluation and mostly frozen since. That's $125,692 below what the ratio math suggests (57.4%).

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

$5,602/yr
Public schools$3,117
Passaic County$1,169
Town of Wayne$1,316
Wayne average$13,868

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

Town median 29.7%
This home · 15.3%

7%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
91 BEECHWOOD DR2026-05$767,5001,32025.0%
20 FERN RIVER AVE2025-04$425,0001,32024.1%
35 LENAPE TRAIL2025-06$560,0001,28727.8%
29 OLDHAM RD2025-08$480,0001,41227.9%
104 OLDHAM RD2025-08$530,0001,37326.0%
2 WHITE OAK LANE2026-05$720,0001,38223.9%
38 LAUREL DR2025-05$735,0001,43222.9%
16 HILLSIDE TERR2026-05$650,0001,44628.3%
44 HILLCREST DR2025-09$635,0001,41432.0%
219 LINDEN RD2026-04$767,0001,32226.1%
78 MAPLE LANE2026-05$650,0001,37835.3%
35 BEECHWOOD DR2026-04$475,0001,50137.9%

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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 →