The Fair Share Report
4 Summit Dr
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 $649,007 – $790,285, 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 $718,298 home should be assessed near $257,294.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,594 below what the ratio math suggests (17.7%).
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 |
|---|---|---|---|---|
| 27 GRANDVIEW DR | 2025-10 | $566,000 | 1,764 | 38.9% |
| 122 BALSAM RD | 2025-09 | $726,000 | 1,791 | 29.6% |
| 44 CEDAR PLACE | 2025-04 | $728,000 | 1,664 | 29.1% |
| 278 FRENCH HILL RD | 2026-05 | $715,000 | 1,699 | 26.4% |
| 99 CHESTNUT DR | 2025-07 | $807,000 | 2,016 | 28.1% |
| 30 ALPINE DR | 2025-11 | $770,000 | 1,798 | 35.1% |
| 267 CHURCH LANE | 2025-10 | $650,000 | 1,736 | 27.5% |
| 18 SOUTH RD | 2026-05 | $650,000 | 2,275 | 26.1% |
| 429 PINES LAKE DR E | 2025-04 | $700,000 | 1,752 | 30.5% |
| 197 OAKWOOD DR | 2025-08 | $710,000 | 1,652 | 30.2% |
| 48 DEERFIELD RD | 2026-04 | $832,000 | 1,813 | 27.2% |
| 11 ELLA LANE | 2025-10 | $680,000 | 1,728 | 29.4% |
Is this your house?
Run your own report →