The Fair Share Report
40 Park Ln
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 $782,309 – $974,607, 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 $894,541 home should be assessed near $320,425.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $108,025 below what the ratio math suggests (33.7%).
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
16%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1666 HAMBURG TPKE | 2025-08 | $480,000 | 2,358 | 53.5% |
| 97 GREEN KNOLLS DR | 2025-09 | $900,000 | 2,336 | 27.1% |
| 19 MOUNTAIN RIDGE DR | 2025-08 | $885,000 | 2,319 | 29.2% |
| 508 PINES LAKE DR E | 2026-06 | $750,000 | 2,242 | 30.7% |
| 14 LOUISA CT | 2026-04 | $999,000 | 2,637 | 30.0% |
| 12 HARMONY LANE | 2025-09 | $925,000 | 2,260 | 26.9% |
| 100 WILSON AVE | 2026-01 | $742,500 | 2,160 | 31.7% |
| 121 BALDWIN TERR | 2025-07 | $935,000 | 2,288 | 27.5% |
| 47 SUNSET TERR | 2025-07 | $889,000 | 2,190 | 28.2% |
| 53 SUNSET TERR | 2025-08 | $760,000 | 2,463 | 34.5% |
| 40 LAKE DR E | 2025-09 | $816,000 | 2,258 | 28.4% |
| 39 TERRACE RD | 2025-09 | $900,000 | 2,196 | 25.8% |
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