The Fair Share Report

35 Stagg 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.

Step 1 · Market value

≈ $811,142

Likely range $711,353 – $923,731, from 12 comparable Wayne sales in the past 18 months, at this home's 2,356 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 $811,142 home should be assessed near $290,551.

Step 3 · Assessed value

$287,900

Set at the last town-wide revaluation and mostly frozen since. That's $2,651 below what the ratio math suggests (0.9%).

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

$17,268/yr
Public schools$9,609
Passaic County$3,602
Town of Wayne$4,057
Wayne average$13,868

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

Town median 29.7%
This home · 35.5%

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
80 PALMER DR2025-03$815,0002,31229.4%
4 PINETREE DR2025-06$915,0002,29633.8%
10 WINONAH AVE2026-06$999,9992,36825.9%
14 WITKOWSKI WAY2025-05$730,0002,53039.8%
21 BOURBON ST2025-05$729,0002,32437.4%
25 ASHBURN RD2025-08$950,0002,42330.0%
139 WEBSTER DR2026-03$762,0002,37134.8%
35 DARLINGTON DR2026-04$940,0002,24525.9%
5 WINONAH AVE2025-02$615,0002,40835.5%
38 STIRLING LANE2025-12$865,0002,32633.1%
29 PONDS CIRCLE2026-03$561,5002,33640.1%
42 HOWE AVE2025-12$750,0002,48437.6%

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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 →