The Fair Share Report
44 Forest Terr
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.
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Step 1 · Market value
Likely range $852,996 – $1,249,607, 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 $1,051,183 home should be assessed near $376,534.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,934 below what the ratio math suggests (14.1%).
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 |
|---|---|---|---|---|
| 73 TOWER RD | 2026-01 | $1,275,000 | 3,160 | 28.4% |
| 3 DIORIO COURT | 2025-01 | $940,000 | 3,232 | 35.6% |
| 114 POINT VIEW PARKWAY | 2025-04 | $1,200,000 | 3,293 | 31.5% |
| 1 TODD TERR | 2025-12 | $1,388,000 | 3,258 | 29.6% |
| 76 POINT VIEW PARKWAY | 2025-11 | $810,000 | 2,977 | 35.2% |
| 7 BRENTWOOD CT | 2025-03 | $1,060,000 | 2,994 | 31.7% |
| 95 BUTTERNUT DR | 2026-01 | $739,000 | 2,664 | 32.9% |
| 14 DE HART COURT | 2026-06 | $1,250,000 | 3,216 | 26.6% |
| 63 SPRING HILL CIRCLE | 2025-11 | $835,000 | 2,826 | 35.4% |
| 6 SHERRY CT | 2026-04 | $1,080,000 | 3,232 | 36.1% |
| 14 ALMADERA DR | 2025-10 | $999,900 | 3,253 | 36.4% |
| 9 GATES PLACE | 2025-11 | $1,100,000 | 2,756 | 30.9% |
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