The Fair Share Report
40 Juniper Rd
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 $810,928 – $1,048,119, 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 $922,639 home should be assessed near $330,489.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $129,711 above what the ratio math suggests (39.2%).
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%62%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (41.19%) — roughly $7,780/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 595 HAMBURG TPKE | 2025-01 | $981,000 | 3,118 | 28.4% |
| 14 LOUISA CT | 2026-04 | $999,000 | 2,637 | 30.0% |
| 9 ALLISON COURT | 2026-01 | $960,000 | 2,774 | 37.7% |
| 18 SOUTH RD | 2026-05 | $650,000 | 2,275 | 26.1% |
| 59 LAAUWE AVE | 2026-06 | $1,265,000 | 2,894 | 26.6% |
| 62 WILSON AVE | 2025-05 | $1,065,000 | 3,044 | 31.4% |
| 54 BALSAM RD | 2025-06 | $1,165,000 | 3,481 | 24.7% |
| 418 PINES LAKE DR E | 2026-03 | $913,000 | 2,747 | 29.6% |
| 134 LAAUWE AVE | 2025-02 | $800,000 | 2,662 | 30.5% |
| 406 INDIAN RD | 2026-06 | $908,000 | 2,950 | 31.7% |
| 78 WEINMANNS BLVD | 2025-07 | $860,000 | 2,917 | 30.5% |
| 90 BIRCHWOOD TERR | 2026-04 | $977,000 | 2,654 | 28.6% |
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