The Fair Share Report
39 Overlook Ave
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 $902,151 – $1,134,607, 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 $1,029,433 home should be assessed near $368,743.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,157 above what the ratio math suggests (3.0%).
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%48%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 111 PACKANACK LK RD | 2025-10 | $675,000 | 3,468 | 38.3% |
| 36 YELLOWBRICK RD | 2026-04 | $1,030,000 | 3,646 | 30.6% |
| 47 ROBIN HOOD WAY | 2025-08 | $1,160,000 | 3,576 | 29.4% |
| 53 PALMER DR | 2025-05 | $1,175,000 | 3,497 | 27.8% |
| 85 PANCAKE HOLLOW DR | 2025-06 | $955,000 | 3,527 | 28.4% |
| 24 ETON COURT | 2025-08 | $750,000 | 3,284 | 38.2% |
| 21 FAIRMOUNT RD | 2025-06 | $1,050,000 | 3,384 | 30.1% |
| 8 WHEELER RD | 2025-10 | $1,025,000 | 3,256 | 40.1% |
| 61 CARLISLE RD | 2026-04 | $1,265,000 | 3,413 | 23.4% |
| 11 COPLEY COURT | 2025-02 | $950,000 | 3,311 | 33.2% |
| 1008 VALLEY RD | 2025-01 | $998,000 | 3,205 | 28.8% |
| 18 HARWOOD PLACE | 2026-05 | $920,000 | 3,238 | 33.9% |
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