The Fair Share Report
4 Peter 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $858,877 – $970,920, from 12 comparable Wayne sales in the past 18 months, at this home's 3,172 sq ft.
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 $938,461 home should be assessed near $336,157.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,657 below what the ratio math suggests (19.2%).
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 |
|---|---|---|---|---|
| 1316 ALPS RD | 2026-04 | $850,000 | 3,220 | 30.5% |
| 16 WINONAH AVE | 2026-01 | $855,000 | 2,961 | 34.6% |
| 78 VERKADE DR | 2025-10 | $999,999 | 3,344 | 37.2% |
| 12 CHRISTINE COURT | 2025-04 | $999,999 | 3,267 | 30.8% |
| 1008 VALLEY RD | 2025-01 | $998,000 | 3,205 | 28.8% |
| 85 PANCAKE HOLLOW DR | 2025-06 | $955,000 | 3,527 | 28.4% |
| 23 PERRIN DR | 2025-11 | $1,450,000 | 3,305 | 23.8% |
| 24 ETON COURT | 2025-08 | $750,000 | 3,284 | 38.2% |
| 7 KING COURT | 2025-07 | $925,000 | 3,124 | 27.0% |
| 295 FRENCH HILL RD | 2025-08 | $995,000 | 3,280 | 33.1% |
| 406 INDIAN RD | 2026-06 | $908,000 | 2,950 | 31.7% |
| 115 WEBSTER DR | 2025-09 | $999,999 | 3,380 | 32.1% |
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