The Fair Share Report

38 Huff 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

≈ $1,209,388

Likely range $1,015,787 – $1,414,807, from 12 comparable Wayne sales in the past 18 months, at this home's 4,281 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 $1,209,388 home should be assessed near $433,203.

Step 3 · Assessed value

$467,200

Set at the last town-wide revaluation and mostly frozen since. That's $33,997 above what the ratio math suggests (7.8%).

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

$28,023/yr
Public schools$15,593
Passaic County$5,846
Town of Wayne$6,584
Wayne average$13,868

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

Town median 29.7%
This home · 38.6%

19%51%

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
KNOX TERRACE2025-09$15,00024.7%
7 WELSH COURT2026-02$1,075,0004,20130.4%
20 MANOR DR2025-07$1,235,0003,97032.2%
48 KATHLEEN COURT2025-01$865,0003,80236.7%
23 SURREY DR2025-12$1,175,0004,95237.1%
53 PALMER DR2025-05$1,175,0003,49727.8%
84 BRANDON AVE2026-06$1,199,0003,62823.4%
21 FAIRMOUNT RD2025-06$1,050,0003,38430.1%
61 CARLISLE RD2026-04$1,265,0003,41323.4%
134 ANDOVER DR2026-01$775,0003,37235.0%
11 COPLEY COURT2025-02$950,0003,31133.2%
36 YELLOWBRICK RD2026-04$1,030,0003,64630.6%

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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 →