The Fair Share Report
35 Castles 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $738,028 – $888,462, 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 $849,465 home should be assessed near $304,278.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,678 below what the ratio math suggests (16.0%).
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%
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 |
|---|---|---|---|---|
| 24 CASTLES DR | 2025-05 | $825,000 | 1,870 | 32.9% |
| 16 MARLO RD | 2025-12 | $752,000 | 2,020 | 30.8% |
| 33 KNOLL RD | 2025-03 | $922,000 | 2,218 | 30.6% |
| 176 LAAUWE AVE | 2025-05 | $690,000 | 1,986 | 32.8% |
| 77 GARSIDE AVE | 2026-04 | $740,000 | 1,980 | 27.3% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 287 LINDEN RD | 2025-11 | $1,050,000 | 2,084 | 27.9% |
| 64 MAGNOLIA PLACE | 2025-04 | $990,000 | 2,374 | 29.1% |
| 62 ALPINE DR | 2026-06 | $825,000 | 1,909 | 31.2% |
| 72 LENOX RD | 2026-05 | $1,031,000 | 2,304 | 28.7% |
| 47 SENECA TRAIL | 2025-06 | $835,000 | 1,969 | 25.2% |
| 111 LAKE DR E | 2025-03 | $975,000 | 2,294 | 33.7% |
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