The Fair Share Report
40 Garside 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 $620,254 – $1,175,154, 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 $907,765 home should be assessed near $325,161.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,261 below what the ratio math suggests (5.9%).
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%55%
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 |
|---|---|---|---|---|
| 83 MAPLE AVE | 2025-06 | $1,090,850 | 2,645 | 27.8% |
| 10 EMERSON PLACE | 2025-08 | $875,000 | 2,897 | 33.1% |
| 1360 HAMBURG TPKE | 2026-03 | $685,000 | 2,748 | 25.2% |
| 72 LENOX RD | 2026-05 | $1,031,000 | 2,304 | 28.7% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
| 1360 HAMBURG TPKE | 2025-07 | $520,000 | 2,755 | 31.3% |
| 2 EDEN PLACE | 2026-03 | $925,000 | 2,592 | 31.6% |
| 9 ALLISON COURT | 2026-01 | $960,000 | 2,774 | 37.7% |
| 18 IOWA RD | 2025-10 | $795,000 | 2,553 | 30.3% |
| 68 URBAN CLUB RD | 2025-07 | $980,000 | 2,335 | 33.7% |
| 64 MAGNOLIA PLACE | 2025-04 | $990,000 | 2,374 | 29.1% |
| 16 WINONAH AVE | 2026-01 | $855,000 | 2,961 | 34.6% |
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