The Fair Share Report

4 Cambridge Pl

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

≈ $714,378

Likely range $627,409 – $820,564, from 12 comparable Wayne sales in the past 18 months, at this home's 2,354 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 $714,378 home should be assessed near $255,890.

Step 3 · Assessed value

$260,200

Set at the last town-wide revaluation and mostly frozen since. That's $4,310 above what the ratio math suggests (1.7%).

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

$15,607/yr
Public schools$8,684
Passaic County$3,256
Town of Wayne$3,667
Wayne average$13,868

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

Town median 29.7%
This home · 36.4%

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
285 LEVINBERG LANE2025-11$795,0002,38931.8%
252 LEVINBERG LANE2025-10$725,0002,38934.8%
238 LEVINBERG LANE2025-02$805,0002,38931.4%
87 BUTTERNUT DR2026-06$720,0002,41929.1%
29 PONDS CIRCLE2026-03$561,5002,33640.1%
801 FOUR SEASONS DR2025-12$530,00031.2%
39 CAREY ARTHUR DR2026-05$745,0002,41926.6%
24 PONDS CIRCLE2026-05$600,0002,42035.0%
16 PONDS CIRCLE2025-02$645,0002,42030.3%
59 MORNING WATCH RD2026-04$730,0002,07532.9%
90 WARBLER DR2025-10$748,0002,07528.7%
75 SPRING HILL CIRCLE2025-06$625,0002,36633.5%

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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 →