The Fair Share Report
37 Lake Dr E
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 $849,587 – $1,040,685, from 12 comparable Wayne sales in the past 18 months, at this home's 2,827 sq ft.
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 $872,318 home should be assessed near $312,464.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,536 above what the ratio math suggests (8.5%).
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 |
|---|---|---|---|---|
| 25 FERN TERR | 2025-08 | $800,000 | 2,887 | 37.8% |
| 39 BRAEMAR DR | 2025-01 | $867,000 | 2,839 | 31.0% |
| 4 HIGHFIELD COURT | 2026-04 | $910,000 | 2,974 | 27.4% |
| 525 PINES LAKE DR | 2026-04 | $1,115,000 | 2,913 | 25.9% |
| 14 LOUISA CT | 2026-04 | $999,000 | 2,637 | 30.0% |
| 55 LEWIS ST | 2025-06 | $799,999 | 2,631 | 25.5% |
| 134 LAAUWE AVE | 2025-02 | $800,000 | 2,662 | 30.5% |
| 90 BIRCHWOOD TERR | 2026-04 | $977,000 | 2,654 | 28.6% |
| 44 PIERMONT TERR | 2025-09 | $836,634 | 2,974 | 27.8% |
| 418 PINES LAKE DR E | 2026-03 | $913,000 | 2,747 | 29.6% |
| 4 CORVAIR PLACE | 2025-09 | $815,000 | 2,872 | 32.4% |
| 53 SUNSET TERR | 2025-08 | $760,000 | 2,463 | 34.5% |
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