The Fair Share Report
40 Ned 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 $783,465 – $906,180, 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 $888,365 home should be assessed near $318,212.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,212 below what the ratio math suggests (12.3%).
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 |
|---|---|---|---|---|
| 63 ELERON PLACE | 2026-01 | $800,000 | 2,166 | 31.3% |
| 35 DARLINGTON DR | 2026-04 | $940,000 | 2,245 | 25.9% |
| 41 TOWSEN RD | 2026-04 | $885,000 | 2,144 | 29.9% |
| 121 BALDWIN TERR | 2025-07 | $935,000 | 2,288 | 27.5% |
| 526 INDIAN RD | 2025-06 | $975,000 | 2,191 | 27.1% |
| 44 GROVER DR | 2025-08 | $860,000 | 2,106 | 27.4% |
| 16 BALDWIN TERR | 2025-09 | $869,000 | 2,154 | 29.8% |
| 39 TERRACE RD | 2025-09 | $900,000 | 2,196 | 25.8% |
| 139 WEBSTER DR | 2026-03 | $762,000 | 2,371 | 34.8% |
| 66 LEONARD TERR | 2026-01 | $757,000 | 2,202 | 30.0% |
| 53 HERSHEY RD | 2025-07 | $852,500 | 2,196 | 36.8% |
| 12 HARMONY LANE | 2025-09 | $925,000 | 2,260 | 26.9% |
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