The Fair Share Report
32 Jeffrey 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 $946,647 – $1,510,510, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).
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 $1,116,509 home should be assessed near $399,934.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,366 above what the ratio math suggests (7.3%).
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%51%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 85 MOUNTAIN RIDGE DR | 2025-10 | $1,500,000 | 3,536 | 23.3% |
| 24 APACHE RD | 2025-01 | $1,200,000 | 4,010 | 27.8% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 149 OLDHAM RD | 2026-02 | $890,000 | 3,446 | 34.0% |
| 17 TALL OAKS DR | 2025-06 | $900,000 | 3,284 | 34.7% |
| 535 COLFAX RD | 2025-01 | $1,030,000 | 4,014 | 34.3% |
| 822 VALLEY RD | 2025-01 | $1,180,000 | 3,542 | 24.2% |
| 15 COLONA RD | 2025-08 | $1,525,000 | 3,164 | 24.1% |
| 84 BRANDON AVE | 2026-06 | $1,199,000 | 3,628 | 23.4% |
| 1360 HAMBURG TPKE | 2026-06 | $620,000 | 3,955 | 33.9% |
| 85 PANCAKE HOLLOW DR | 2025-06 | $955,000 | 3,527 | 28.4% |
| 67 WESTVIEW RD | 2025-12 | $915,000 | 3,476 | 41.0% |
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