The Fair Share Report
42 Matthew 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 $637,014 – $719,852, from 12 comparable Wayne sales in the past 18 months, at this home's 2,092 sq ft.
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 $673,363 home should be assessed near $241,199.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $67,699 below what the ratio math suggests (28.1%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $7.142 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
19%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 |
|---|---|---|---|---|
| 3 BLACK BRIAR LANE | 2025-02 | $637,014 | 2,092 | 32.4% |
| 11 CONISTON CT | 2025-07 | $630,000 | 2,028 | 32.7% |
| 97 BOWFELL CT | 2025-06 | $625,000 | 2,090 | 30.4% |
| 12 HADLEY LANE | 2026-03 | $675,000 | 2,012 | 38.7% |
| 157 WORCESTER DR | 2025-01 | $680,000 | 2,012 | 33.4% |
| 24 FAIR RIDGE CT | 2025-11 | $670,000 | 2,158 | 36.3% |
| 31 GANNET CT | 2026-04 | $775,000 | 2,075 | 27.8% |
| 39 MATTHEW RD | 2025-08 | $600,000 | 2,089 | 34.5% |
| 6 DOWITCHER CT | 2025-09 | $562,000 | 1,924 | 33.1% |
| 4 BIRDSEYE CIRCLE | 2026-05 | $750,000 | 2,106 | 29.2% |
| 43 TANAGER CT | 2025-08 | $721,000 | 2,240 | 28.9% |
| 19 MORNING WATCH RD | 2026-03 | $727,000 | 2,075 | 28.4% |
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