The Fair Share Report

44 Post 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.

Step 1 · Market value

≈ $531,143

Likely range $473,528 – $673,200, from 12 comparable Wayne sales in the past 18 months, at this home's 1,287 sq ft.

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $531,143 home should be assessed near $190,255.

Step 3 · Assessed value

$155,000

Set at the last town-wide revaluation and mostly frozen since. That's $35,255 below what the ratio math suggests (18.5%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$9,297/yr
Public schools$5,173
Passaic County$1,939
Town of Wayne$2,184
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 29.2%

18%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)

AddressSoldPriceSq ftRatio
39 PARKSIDE COURT2025-03$475,0001,29137.9%
21 SANDRA LANE2025-02$630,0001,30028.5%
24 SANDRA LANE2025-05$680,0001,30027.5%
44 CANTON RD2025-11$735,0001,27524.2%
15 DALEWOOD RD2025-12$475,0001,26132.5%
703 BRITTANY DR2026-03$486,0001,33128.9%
34 PARKSIDE COURT2026-06$470,0001,18728.0%
21 ROLLING HILLS DR2025-04$700,0001,36128.2%
129 TERHUNE DR2025-05$425,0001,24034.9%
29 STYLON RD2025-06$675,0001,28820.8%
28 ANN ST2026-06$250,0001,39247.8%
7A TOSCH AVE2025-02$577,0001,30030.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →