The Fair Share Report
3 Sherry Ct
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 $1,074,285 – $1,284,926, from 12 comparable Wayne sales in the past 18 months, at this home's 3,495 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 $1,167,884 home should be assessed near $418,336.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,836 below what the ratio math suggests (10.5%).
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%
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 DANIELLE DR | 2025-10 | $1,300,000 | 3,536 | 27.9% |
| 6 SHERRY CT | 2026-04 | $1,080,000 | 3,232 | 36.1% |
| 14 ALMADERA DR | 2025-10 | $999,900 | 3,253 | 36.4% |
| 54 WHEELER RD | 2025-01 | $1,251,000 | 3,934 | 31.1% |
| 47 ROBIN HOOD WAY | 2025-08 | $1,160,000 | 3,576 | 29.4% |
| 26 STRATTON DR | 2026-01 | $1,400,000 | 3,543 | 29.6% |
| 3 ARMSTRONG AVE | 2025-06 | $1,200,000 | 3,393 | 27.3% |
| 8 WHEELER RD | 2025-10 | $1,025,000 | 3,256 | 40.1% |
| 295 FRENCH HILL RD | 2025-08 | $995,000 | 3,280 | 33.1% |
| 111 PACKANACK LK RD | 2025-10 | $675,000 | 3,468 | 38.3% |
| 801 FOUR SEASONS DR | 2025-12 | $530,000 | — | 31.2% |
| 12 WOODLAND CT | 2025-08 | $1,417,000 | 3,717 | 28.2% |
Is this your house?
Run your own report →