The Fair Share Report

30 Park Ln

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

≈ $860,901

Likely range $809,693 – $963,721, from 12 comparable Wayne sales in the past 18 months, at this home's 2,790 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 $860,901 home should be assessed near $308,375.

Step 3 · Assessed value

$157,500

Set at the last town-wide revaluation and mostly frozen since. That's $150,875 below what the ratio math suggests (48.9%).

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

$9,447/yr
Public schools$5,257
Passaic County$1,971
Town of Wayne$2,220
Wayne average$13,868

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

Town median 29.7%
This home · 18.3%

11%47%

Keep quiet and enjoy it

This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
54 BALSAM RD2025-06$1,165,0003,48124.7%
18 SOUTH RD2026-05$650,0002,27526.1%
55 LEWIS ST2025-06$799,9992,63125.5%
595 HAMBURG TPKE2025-01$981,0003,11828.4%
99 BEECH TERR2026-05$815,0002,49426.4%
4 LENAPE TRAIL2025-09$650,0002,31233.5%
25 FERN TERR2025-08$800,0002,88737.8%
8 TORBET DR2025-12$1,120,0002,81926.5%
9 GATES PLACE2025-11$1,100,0002,75630.9%
39 BRAEMAR DR2025-01$867,0002,83931.0%
4 HIGHFIELD COURT2026-04$910,0002,97427.4%
53 SUNSET TERR2025-08$760,0002,46334.5%

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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 →