The Fair Share Report
28 Lenox 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,013,586 – $1,233,410, from 12 comparable Wayne sales in the past 18 months, at this home's 3,961 sq ft.
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 $1,125,423 home should be assessed near $403,127.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,827 below what the ratio math suggests (9.6%).
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%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 |
|---|---|---|---|---|
| 48 KATHLEEN COURT | 2025-01 | $865,000 | 3,802 | 36.7% |
| 20 MANOR DR | 2025-07 | $1,235,000 | 3,970 | 32.2% |
| 53 PALMER DR | 2025-05 | $1,175,000 | 3,497 | 27.8% |
| 7 WELSH COURT | 2026-02 | $1,075,000 | 4,201 | 30.4% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 36 YELLOWBRICK RD | 2026-04 | $1,030,000 | 3,646 | 30.6% |
| 21 FAIRMOUNT RD | 2025-06 | $1,050,000 | 3,384 | 30.1% |
| 61 CARLISLE RD | 2026-04 | $1,265,000 | 3,413 | 23.4% |
| 11 COPLEY COURT | 2025-02 | $950,000 | 3,311 | 33.2% |
| 84 BRANDON AVE | 2026-06 | $1,199,000 | 3,628 | 23.4% |
| 24 ETON COURT | 2025-08 | $750,000 | 3,284 | 38.2% |
| 85 PANCAKE HOLLOW DR | 2025-06 | $955,000 | 3,527 | 28.4% |
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