The Fair Share Report

3 Brandywine 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.

Step 1 · Market value

≈ $720,224

Likely range $547,438 – $770,830, from 12 comparable Wayne sales in the past 18 months, at this home's 2,208 sq ft.

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $720,224 home should be assessed near $257,984.

Step 3 · Assessed value

$258,400

Set at the last town-wide revaluation and mostly frozen since. That's $416 above what the ratio math suggests (0.2%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$15,499/yr
Public schools$8,624
Passaic County$3,233
Town of Wayne$3,641
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 35.9%

19%53%

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)

AddressSoldPriceSq ftRatio
29 PONDS CIRCLE2026-03$561,5002,33640.1%
4 STURBRIDGE CIRCLE2025-04$999,0002,45333.6%
24 PONDS CIRCLE2026-05$600,0002,42035.0%
16 PONDS CIRCLE2025-02$645,0002,42030.3%
138 LEVINBERG LANE2026-04$700,0002,14631.9%
249 LEVINBERG LANE2025-12$710,0002,14631.4%
200 LEVINBERG LANE2025-11$754,0002,14630.2%
140 LEVINBERG LANE2025-08$710,0002,14631.4%
134 LEVINBERG LANE2025-01$691,0002,14632.3%
99 NELLIS DR2025-02$900,0002,57832.7%
53 PONDS CIRCLE2026-02$625,0002,52138.1%
68 URBAN CLUB RD2025-07$980,0002,33533.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →