The Fair Share Report
40 Grandview 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 $732,166 – $899,636, 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 $787,857 home should be assessed near $282,210.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,910 below what the ratio math suggests (14.9%).
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%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 |
|---|---|---|---|---|
| 30 SINCLAIR DR | 2025-10 | $749,000 | 2,176 | 30.9% |
| 35 DARLINGTON DR | 2026-04 | $940,000 | 2,245 | 25.9% |
| 27 COLVILLE RD | 2026-01 | $689,000 | 2,186 | 27.4% |
| 80 PALMER DR | 2025-03 | $815,000 | 2,312 | 29.4% |
| 8 AMBOY RD | 2026-06 | $920,000 | 2,287 | 25.1% |
| 26 AUDUBON PKWY | 2025-10 | $625,000 | 2,314 | 27.4% |
| 14 ARUNDEL RD | 2025-07 | $835,000 | 2,283 | 31.0% |
| 10 WINONAH AVE | 2026-06 | $999,999 | 2,368 | 25.9% |
| 109 CAROL PLACE | 2025-07 | $650,000 | 2,200 | 34.5% |
| 38 STIRLING LANE | 2025-12 | $865,000 | 2,326 | 33.1% |
| 16 HIGHLAND TERR | 2025-10 | $887,030 | 2,316 | 32.4% |
| 12 BAKER ST | 2025-10 | $825,000 | 2,479 | 32.8% |
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