The Fair Share Report
415 Oldham 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 $550,523 – $694,474, 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 $594,346 home should be assessed near $212,895.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,005 above what the ratio math suggests (13.6%).
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%49%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 197 RATZER RD | 2025-10 | $900,000 | 1,876 | 25.8% |
| 33 IOWA RD | 2025-04 | $715,000 | 1,830 | 34.1% |
| 142 GARSIDE AVE | 2025-07 | $529,000 | 1,692 | 30.0% |
| 8005 BRITTANY DR | 2026-04 | $570,000 | 1,804 | 33.9% |
| 8616 BRITTANY DR | 2026-04 | $600,000 | 1,804 | 31.3% |
| 8015 BRITTANY DR | 2026-03 | $565,000 | 1,804 | 33.2% |
| 8028 BRITTANY DR | 2025-04 | $527,500 | 1,804 | 36.6% |
| 8307 BRITTANY DR | 2025-02 | $555,000 | 1,804 | 32.2% |
| 281 NEWARK POMPTON TPKE | 2025-05 | $490,000 | 1,300 | 36.8% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 122 BALSAM RD | 2025-09 | $726,000 | 1,791 | 29.6% |
| 1 HANSEN PLACE | 2025-03 | $595,000 | 1,648 | 32.7% |
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