The Fair Share Report

34 Hardwick Ln

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

≈ $1,341,242

Likely range $1,177,755 – $1,470,961, from 12 comparable Wayne sales in the past 18 months, at this home's 4,026 sq ft.

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 $1,341,242 home should be assessed near $480,433.

Step 3 · Assessed value

$416,000

Set at the last town-wide revaluation and mostly frozen since. That's $64,433 below what the ratio math suggests (13.4%).

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%

Step 5 · The bill

$24,952/yr
Public schools$13,884
Passaic County$5,205
Town of Wayne$5,862
Wayne average$13,868

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

Town median 29.7%
This home · 31.0%

19%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
986 PINES LAKE DR W2025-09$1,600,0003,86235.8%
20 MANOR DR2025-07$1,235,0003,97032.2%
84 BRANDON AVE2026-06$1,199,0003,62823.4%
48 KATHLEEN COURT2025-01$865,0003,80236.7%
822 VALLEY RD2025-01$1,180,0003,54224.2%
54 BALSAM RD2025-06$1,165,0003,48124.7%
31 BOURBON ST2025-07$1,400,0003,99829.2%
6 KIPP CT2025-09$980,0003,35033.0%
115 WEBSTER DR2025-09$999,9993,38032.1%
23 PERRIN DR2025-11$1,450,0003,30523.8%
2 CAYUGA TRAIL2025-08$915,0003,48829.6%
23 SURREY DR2025-12$1,175,0004,95237.1%

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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 →