The Fair Share Report
31 Michael 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $343,633 – $548,332, from 12 comparable Wayne sales in the past 18 months, at this home's 1,014 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 $399,967 home should be assessed near $143,268.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,832 above what the ratio math suggests (40.4%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $5.749 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
19%64%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 82 MICHAEL DR | 2025-11 | $597,000 | 1,104 | 31.4% |
| 94 MAC DONALD DR | 2026-06 | $620,000 | 1,127 | 29.4% |
| 83 FARMINGDALE RD | 2025-10 | $685,000 | 1,100 | 24.6% |
| 1147B VALLEY RD | 2025-01 | $345,000 | 1,080 | 30.4% |
| 50-1B KNOX TERRACE | 2025-12 | $370,000 | 900 | 28.1% |
| 1148-2A VALLEY RD | 2025-08 | $355,000 | 900 | 29.3% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 25-1A HINCHMAN AVE | 2026-06 | $379,900 | 889 | 26.7% |
| 26 GRAHAM AVE | 2025-07 | $625,000 | 1,084 | 27.1% |
| 17B ATHERTON CT | 2026-05 | $225,000 | 900 | 32.9% |
| 1267B VALLEY RD | 2026-04 | $280,000 | 900 | 26.5% |
| 39A ATHERTON CT | 2026-04 | $305,000 | 900 | 24.3% |
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