The Fair Share Report
296 Ratzer 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 $457,789 – $551,603, 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 $499,057 home should be assessed near $178,762.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,438 above what the ratio math suggests (14.8%).
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%50%
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 |
|---|---|---|---|---|
| 281 NEWARK POMPTON TPKE | 2025-05 | $490,000 | 1,300 | 36.8% |
| 58 VAN DUYNE AVE | 2025-11 | $250,000 | 1,526 | 39.4% |
| 474 NEWARK POMPTON TPKE | 2025-05 | $575,000 | 1,698 | 31.2% |
| 511 BRITTANY DR | 2026-04 | $515,000 | 1,451 | 28.0% |
| 611 BRITTANY DR | 2025-10 | $460,000 | 1,451 | 31.4% |
| 476 TERHUNE DR | 2025-11 | $620,000 | 1,656 | 28.6% |
| 197 RATZER RD | 2025-10 | $900,000 | 1,876 | 25.8% |
| 703 FOUR SEASONS DR | 2026-06 | $510,000 | 1,525 | 29.9% |
| 511 FOUR SEASONS DR | 2026-03 | $545,000 | 1,525 | 28.0% |
| 1302 FOUR SEASONS DR | 2025-11 | $510,000 | 1,525 | 29.7% |
| 103 FOUR SEASONS DR | 2025-11 | $480,000 | 1,525 | 31.5% |
| 1410 FOUR SEASONS DR | 2025-05 | $569,000 | 1,525 | 26.8% |
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