The Fair Share Report

33 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

≈ $688,843

Likely range $579,778 – $784,110, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

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 $688,843 home should be assessed near $246,744.

Step 3 · Assessed value

$173,700

Set at the last town-wide revaluation and mostly frozen since. That's $73,044 below what the ratio math suggests (29.6%).

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%

This home's own bill implies $5.854 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,169/yr
Public schools$5,658
Passaic County$2,121
Town of Wayne$2,389
Wayne average$13,868

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

Town median 29.7%
This home · 25.2%

17%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
42 CECILIA DR2025-08$690,0001,50632.2%
651 ALPS RD2025-06$592,0001,51430.6%
1347 ALPS RD2025-08$435,0001,58443.8%
78 VAN DUYNE AVE2025-12$582,0001,68529.0%
37 WENDT LANE2025-06$790,0001,59327.6%
16 DALEWOOD RD2025-10$585,0001,58929.4%
36 JOYCE LANE2025-08$695,0001,61830.6%
95 MAC DONALD DR2025-09$700,0001,51229.4%
50 NORMANDY DR2025-04$826,0001,61125.9%
42 DEERFIELD RD2025-06$660,0001,45927.4%
69 ALLEN DR2025-07$700,0001,73631.8%
27 DIXON PLACE2025-09$830,0001,61426.9%

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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 →