The Fair Share Report

30 Marlo 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

≈ $783,053

Likely range $750,958 – $823,022, from 12 comparable Wayne sales in the past 18 months, at this home's 2,052 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 $783,053 home should be assessed near $280,490.

Step 3 · Assessed value

$228,200

Set at the last town-wide revaluation and mostly frozen since. That's $52,290 below what the ratio math suggests (18.6%).

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

$13,687/yr
Public schools$7,616
Passaic County$2,855
Town of Wayne$3,216
Wayne average$13,868

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

Town median 29.7%
This home · 29.1%

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)

AddressSoldPriceSq ftRatio
12 KINGSTON RD2026-02$750,0002,03227.8%
8 WEDGEWOOD DR2026-06$780,0002,04428.8%
28 AUGUSTA DR2025-04$815,0002,03231.2%
15 ELLA LANE2026-06$822,0002,07627.3%
20 PITMAN PLACE2025-12$745,0002,07834.7%
16 ATWOOD PLACE2025-09$729,0001,99231.2%
38 AUGUSTA DR2026-01$750,0002,13429.3%
11 KING COURT2025-01$830,0002,07726.2%
66 LEONARD TERR2026-01$757,0002,20230.0%
16 BALDWIN TERR2025-09$869,0002,15429.8%
4 CHARLOTTE TERR2025-03$770,0002,00829.3%
3 CLIFFORD DR2025-05$750,0002,03425.9%

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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 →