The Fair Share Report
4 Echo Ct
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 $736,408 – $890,620, 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 $807,018 home should be assessed near $289,074.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,774 below what the ratio math suggests (11.3%).
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 |
|---|---|---|---|---|
| 35 DARLINGTON DR | 2026-04 | $940,000 | 2,245 | 25.9% |
| 30 SINCLAIR DR | 2025-10 | $749,000 | 2,176 | 30.9% |
| 66 LEONARD TERR | 2026-01 | $757,000 | 2,202 | 30.0% |
| 16 BALDWIN TERR | 2025-09 | $869,000 | 2,154 | 29.8% |
| 80 PALMER DR | 2025-03 | $815,000 | 2,312 | 29.4% |
| 14 ARUNDEL RD | 2025-07 | $835,000 | 2,283 | 31.0% |
| 444 BLACK OAK RIDGE RD | 2025-09 | $777,000 | 2,003 | 29.3% |
| 444 BLACK OAK RIDGE RD | 2025-03 | $497,500 | 2,003 | 45.8% |
| 63 ELERON PLACE | 2026-01 | $800,000 | 2,166 | 31.3% |
| 109 CAROL PLACE | 2025-07 | $650,000 | 2,200 | 34.5% |
| 11 KING COURT | 2025-01 | $830,000 | 2,077 | 26.2% |
| 21 HAMPTON TERR | 2025-07 | $855,700 | 1,968 | 30.5% |
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