The Fair Share Report

39 Birch Ln

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

≈ $670,385

Likely range $630,812 – $762,929, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

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 $670,385 home should be assessed near $240,132.

Step 3 · Assessed value

$191,600

Set at the last town-wide revaluation and mostly frozen since. That's $48,532 below what the ratio math suggests (20.2%).

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

$11,492/yr
Public schools$6,395
Passaic County$2,397
Town of Wayne$2,700
Wayne average$13,868

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

Town median 29.7%
This home · 28.6%

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
24 FAIR RIDGE CT2025-11$670,0002,15836.3%
42 MATTHEW RD2025-07$565,0002,09230.7%
3 BLACK BRIAR LANE2025-02$637,0142,09232.4%
97 BOWFELL CT2025-06$625,0002,09030.4%
11 CONISTON CT2025-07$630,0002,02832.7%
31 GANNET CT2026-04$775,0002,07527.8%
43 TANAGER CT2025-08$721,0002,24028.9%
6 BIRDSEYE CIRCLE2025-01$645,0002,17836.2%
6 TOMAHAWK DRIVE2025-10$778,0002,17830.2%
12 HADLEY LANE2026-03$675,0002,01238.7%
157 WORCESTER DR2025-01$680,0002,01233.4%
19 MORNING WATCH RD2026-03$727,0002,07528.4%

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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 →