The Fair Share Report
28 Lake Trl 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 $526,671 – $694,299, 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 $642,288 home should be assessed near $230,068.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,968 below what the ratio math suggests (29.1%).
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
18%47%
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 |
|---|---|---|---|---|
| 28 DOGWOOD TERR | 2025-04 | $600,000 | 1,555 | 28.3% |
| 35 BEECHWOOD DR | 2026-04 | $475,000 | 1,501 | 37.9% |
| 50 LEONARD TERR | 2025-11 | $680,000 | 1,536 | 25.7% |
| 8 RIDGE PLACE | 2025-12 | $651,000 | 1,497 | 25.9% |
| 5 SUMMIT DR | 2025-04 | $715,700 | 1,529 | 30.2% |
| 153 CHESTNUT DR | 2026-06 | $725,000 | 1,718 | 27.6% |
| 158 WOODHAVEN DR | 2026-01 | $570,000 | 1,575 | 28.8% |
| 45 MAPLEWOOD AVE | 2025-11 | $630,000 | 1,403 | 25.2% |
| 101 LINDEN RD | 2025-12 | $650,000 | 1,435 | 28.6% |
| 132 LINDEN RD | 2026-03 | $640,000 | 1,680 | 27.9% |
| 5 SUNSET TERR | 2025-11 | $640,000 | 1,273 | 29.5% |
| 63 CHESTNUT DR | 2026-05 | $570,000 | 1,300 | 33.3% |
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