The Fair Share Report
299 Blvd Dr
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 $532,460 – $688,499, 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 $620,190 home should be assessed near $222,152.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,352 below what the ratio math suggests (45.2%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $5.793 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
12%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 35 MINNS AVE | 2025-06 | $520,000 | 1,880 | 28.2% |
| 27 CHESTNUT DR | 2025-03 | $605,000 | 1,666 | 32.3% |
| 498 PINES LAKE DR E | 2025-07 | $675,000 | 1,773 | 27.8% |
| 202 NEWARK POMPTON TPKE | 2025-12 | $470,000 | 1,616 | 34.7% |
| 1 SHORE RD | 2025-01 | $604,000 | 1,372 | 21.7% |
| 132 LINDEN RD | 2026-03 | $640,000 | 1,680 | 27.9% |
| 217 ALPS RD | 2025-11 | $685,000 | 1,654 | 25.6% |
| 78 MAPLE LANE | 2026-05 | $650,000 | 1,378 | 35.3% |
| 28 DOGWOOD TERR | 2025-04 | $600,000 | 1,555 | 28.3% |
| 77 CHESTNUT DR | 2025-12 | $466,000 | 1,614 | 43.1% |
| 158 WOODHAVEN DR | 2026-01 | $570,000 | 1,575 | 28.8% |
| 40 PROSPECT RD | 2025-10 | $620,000 | 1,600 | 25.6% |
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