The Fair Share Report
32 Ashburn 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $770,163 – $917,849, from 12 comparable Wayne sales in the past 18 months, at this home's 2,982 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 $897,024 home should be assessed near $321,314.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $127,286 above what the ratio math suggests (39.6%).
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%64%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (41.19%) — roughly $7,635/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 COLONA RD | 2025-08 | $1,525,000 | 3,164 | 24.1% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 17 TALL OAKS DR | 2025-06 | $900,000 | 3,284 | 34.7% |
| 10 EMERSON PLACE | 2025-08 | $875,000 | 2,897 | 33.1% |
| 16 WINONAH AVE | 2026-01 | $855,000 | 2,961 | 34.6% |
| 1360 HAMBURG TPKE | 2025-07 | $520,000 | 2,755 | 31.3% |
| 1360 HAMBURG TPKE | 2026-03 | $685,000 | 2,748 | 25.2% |
| 187 HILLCREST DR | 2026-01 | $1,200,000 | 3,159 | 32.3% |
| 78 WEINMANNS BLVD | 2025-07 | $860,000 | 2,917 | 30.5% |
| 153 CHOPIN DR | 2025-04 | $999,000 | 3,321 | 38.6% |
| 53 CHOPIN DR | 2025-10 | $700,000 | 2,315 | 35.0% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
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