The Fair Share Report

31 Manor Dr

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

≈ $650,354

Likely range $614,861 – $734,344, from 12 comparable Wayne sales in the past 18 months, at this home's 1,342 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 $650,354 home should be assessed near $232,957.

Step 3 · Assessed value

$176,500

Set at the last town-wide revaluation and mostly frozen since. That's $56,457 below what the ratio math suggests (24.2%).

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

$10,586/yr
Public schools$5,891
Passaic County$2,208
Town of Wayne$2,487
Wayne average$13,868

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

Town median 29.7%
This home · 27.1%

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
1087 RATZER RD2025-09$635,0001,32029.0%
85 SHEFFIELD RD2025-10$805,0001,26422.4%
26 BRANDYWINE RD2025-07$750,0001,43015.3%
812 BLACK OAK RIDGE RD2025-11$690,0001,24824.1%
42 CECILIA DR2025-08$690,0001,50632.2%
95 MAC DONALD DR2025-09$700,0001,51229.4%
1 WILLS AVE2025-03$520,0001,26025.1%
21 ROLLING HILLS DR2025-04$700,0001,36128.2%
16 DALEWOOD RD2025-10$585,0001,58929.4%
28 ANN ST2026-06$250,0001,39247.8%
24 SANDRA LANE2025-05$680,0001,30027.5%
21 SANDRA LANE2025-02$630,0001,30028.5%

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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 →