The Fair Share Report
27 Lake Dr E
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 $692,784 – $830,176, 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 $775,270 home should be assessed near $277,702.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,498 above what the ratio math suggests (6.7%).
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
19%48%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 174 HILLCREST DR | 2026-03 | $760,000 | 2,136 | 28.8% |
| 26 GIANNONE RD | 2025-10 | $770,000 | 2,172 | 28.7% |
| 1 LENAPE TRAIL | 2026-02 | $625,000 | 1,855 | 30.8% |
| 37 HAMILTON AVE | 2025-05 | $950,000 | 2,576 | 31.1% |
| 5 FERNDALE RD | 2026-04 | $710,000 | 2,146 | 27.3% |
| 26 AUDUBON PKWY | 2025-10 | $625,000 | 2,314 | 27.4% |
| 47 LAUREL DR | 2026-06 | $730,000 | 2,076 | 26.8% |
| 508 PINES LAKE DR E | 2026-06 | $750,000 | 2,242 | 30.7% |
| 14 ONEIDA TRAIL | 2026-03 | $765,000 | 2,636 | 29.4% |
| 25 PACKANACK LK RD | 2025-04 | $600,000 | 1,934 | 36.8% |
| 108 ALGONQUIN TRAIL | 2025-01 | $905,000 | 2,620 | 28.0% |
| 97 GREEN KNOLLS DR | 2025-09 | $900,000 | 2,336 | 27.1% |
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