The Fair Share Report
3 Bourbon 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 $940,779 – $1,141,637, 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 $989,781 home should be assessed near $354,540.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,960 above what the ratio math suggests (8.5%).
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%
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 |
|---|---|---|---|---|
| 11 ROBIN HOOD WAY | 2026-01 | $1,250,000 | 2,989 | 26.6% |
| 8 WHEELER RD | 2025-10 | $1,025,000 | 3,256 | 40.1% |
| 198 WEBSTER DR. | 2025-05 | $1,030,000 | 2,966 | 31.2% |
| 11 HUBBARDTON RD | 2025-08 | $1,200,000 | 2,997 | 29.4% |
| 8 TORBET DR | 2025-12 | $1,120,000 | 2,819 | 26.5% |
| 10 TIMBERLINE DR | 2025-07 | $950,000 | 3,009 | 39.0% |
| 7 BRENTWOOD CT | 2025-03 | $1,060,000 | 2,994 | 31.7% |
| 6 SHERRY CT | 2026-04 | $1,080,000 | 3,232 | 36.1% |
| 295 FRENCH HILL RD | 2025-08 | $995,000 | 3,280 | 33.1% |
| 1316 ALPS RD | 2026-04 | $850,000 | 3,220 | 30.5% |
| 47 ROBIN HOOD WAY | 2025-08 | $1,160,000 | 3,576 | 29.4% |
| 78 VERKADE DR | 2025-10 | $999,999 | 3,344 | 37.2% |
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