The Fair Share Report
3 Baker St
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 $798,737 – $1,057,856, from 12 comparable Wayne sales in the past 18 months, at this home's 2,565 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 $876,242 home should be assessed near $313,870.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,270 below what the ratio math suggests (9.3%).
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 |
|---|---|---|---|---|
| 18 IOWA RD | 2025-10 | $795,000 | 2,553 | 30.3% |
| 68 URBAN CLUB RD | 2025-07 | $980,000 | 2,335 | 33.7% |
| 72 LENOX RD | 2026-05 | $1,031,000 | 2,304 | 28.7% |
| 2 EDEN PLACE | 2026-03 | $925,000 | 2,592 | 31.6% |
| 64 MAGNOLIA PLACE | 2025-04 | $990,000 | 2,374 | 29.1% |
| 83 MAPLE AVE | 2025-06 | $1,090,850 | 2,645 | 27.8% |
| 29 MANOR DR | 2025-04 | $880,000 | 2,489 | 30.8% |
| 8 YORKTOWN RD | 2025-05 | $950,000 | 2,516 | 27.6% |
| 32 SEARS PLACE | 2025-05 | $840,000 | 2,582 | 31.6% |
| 69 NORMANDY DR | 2025-12 | $710,000 | 2,606 | 35.0% |
| 53 PONDS CIRCLE | 2026-02 | $625,000 | 2,521 | 38.1% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
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