The Fair Share Report

45 Kime Ave

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

≈ $923,833

Likely range $875,095 – $966,635, from 12 comparable Wayne sales in the past 18 months, at this home's 3,158 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 $923,833 home should be assessed near $330,917.

Step 3 · Assessed value

$298,500

Set at the last town-wide revaluation and mostly frozen since. That's $32,417 below what the ratio math suggests (9.8%).

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

$17,904/yr
Public schools$9,963
Passaic County$3,735
Town of Wayne$4,207
Wayne average$13,868

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

Town median 29.7%
This home · 32.3%

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)

AddressSoldPriceSq ftRatio
60 BRANDON AVE2025-12$680,0003,23438.0%
33 GEORGIA DR2026-05$935,0003,18632.0%
11 ABERDEEN AVE2025-01$825,0003,24137.0%
62 WILSON AVE2025-05$1,065,0003,04431.4%
4 HIGHFIELD COURT2026-04$910,0002,97427.4%
7 KING COURT2025-07$925,0003,12427.0%
6 KIPP CT2025-09$980,0003,35033.0%
134 ANDOVER DR2026-01$775,0003,37235.0%
44 PIERMONT TERR2025-09$836,6342,97427.8%
18 HARWOOD PLACE2026-05$920,0003,23833.9%
1008 VALLEY RD2025-01$998,0003,20528.8%
25 FERN TERR2025-08$800,0002,88737.8%

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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 →