The Fair Share Report
40 Nimitz 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 $695,649 – $864,550, 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 $765,969 home should be assessed near $274,370.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,770 below what the ratio math suggests (19.6%).
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 |
|---|---|---|---|---|
| 40 MONTEREY DR | 2025-05 | $870,000 | 1,932 | 24.1% |
| 84 BALDWIN TERR | 2025-09 | $700,000 | 1,958 | 33.3% |
| 14 CHARLOTTE TERR | 2025-09 | $650,000 | 1,962 | 33.2% |
| 7 HANOVER PLACE | 2025-09 | $725,000 | 1,948 | 27.6% |
| 32 BRAEMAR DR | 2025-10 | $750,000 | 1,928 | 32.1% |
| 21 HAMPTON TERR | 2025-07 | $855,700 | 1,968 | 30.5% |
| 26 GREENRALE AVE | 2026-04 | $782,000 | 1,879 | 28.2% |
| 7 KNIGHT RD | 2025-07 | $855,000 | 1,882 | 25.1% |
| 15 COVENTRY RD | 2025-08 | $749,000 | 1,898 | 30.2% |
| 35 MEDFORD PLACE | 2025-11 | $735,000 | 1,898 | 37.3% |
| 60 FURMAN DR | 2025-08 | $782,000 | 1,898 | 30.8% |
| 11 KIMBERLY PLACE | 2026-02 | $759,900 | 1,908 | 29.4% |
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