The Fair Share Report
37 Mandon 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 $804,138 – $950,451, 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 $879,772 home should be assessed near $315,134.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,734 below what the ratio math suggests (16.4%).
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 |
|---|---|---|---|---|
| 16 HIGHLAND TERR | 2025-10 | $887,030 | 2,316 | 32.4% |
| 38 STIRLING LANE | 2025-12 | $865,000 | 2,326 | 33.1% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 8 AMBOY RD | 2026-06 | $920,000 | 2,287 | 25.1% |
| 109 CAROL PLACE | 2025-07 | $650,000 | 2,200 | 34.5% |
| 14 ARUNDEL RD | 2025-07 | $835,000 | 2,283 | 31.0% |
| 80 PALMER DR | 2025-03 | $815,000 | 2,312 | 29.4% |
| 10 WINONAH AVE | 2026-06 | $999,999 | 2,368 | 25.9% |
| 37 BROOKWOOD DR | 2025-06 | $921,000 | 2,435 | 33.0% |
| 12 HARMONY LANE | 2025-09 | $925,000 | 2,260 | 26.9% |
| 66 LEONARD TERR | 2026-01 | $757,000 | 2,202 | 30.0% |
| 97 GREEN KNOLLS DR | 2025-09 | $900,000 | 2,336 | 27.1% |
Is this your house?
Run your own report →