The Fair Share Report
32 Bowfell Ct
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 $423,160 – $456,652, from 12 comparable Wayne sales in the past 18 months, at this home's 1,112 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 $433,622 home should be assessed near $155,323.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,277 above what the ratio math suggests (2.1%).
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%47%
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 |
|---|---|---|---|---|
| 91 BOWFELL CT | 2025-02 | $430,000 | 1,112 | 38.0% |
| 2112 SCHINDLER LANE | 2025-08 | $410,000 | 1,073 | 34.1% |
| 1002 BRITTANY DR | 2025-10 | $421,500 | 1,055 | 29.3% |
| 710 BRITTANY DR | 2025-10 | $435,000 | 1,055 | 28.4% |
| 907 BURGUNDY WAY | 2025-05 | $435,000 | 1,055 | 28.4% |
| 3108 SCHINDLER LANE | 2026-05 | $450,000 | 1,154 | 32.0% |
| 1017 BRITTANY DR | 2025-10 | $455,000 | 1,020 | 27.4% |
| 34 PARKSIDE COURT | 2026-06 | $470,000 | 1,187 | 28.0% |
| 13 PARKSIDE COURT | 2026-01 | $395,000 | 1,038 | 34.8% |
| 1147B VALLEY RD | 2025-01 | $345,000 | 1,080 | 30.4% |
| 703 BRITTANY DR | 2026-03 | $486,000 | 1,331 | 28.9% |
| 39 PARKSIDE COURT | 2025-03 | $475,000 | 1,291 | 37.9% |
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