The Fair Share Report
45 Lake Dr E
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 $917,031 – $1,135,990, 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 $968,636 home should be assessed near $346,965.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,035 above what the ratio math suggests (18.7%).
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%50%
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 |
|---|---|---|---|---|
| 595 HAMBURG TPKE | 2025-01 | $981,000 | 3,118 | 28.4% |
| 187 HILLCREST DR | 2026-01 | $1,200,000 | 3,159 | 32.3% |
| 62 WILSON AVE | 2025-05 | $1,065,000 | 3,044 | 31.4% |
| 78 WEINMANNS BLVD | 2025-07 | $860,000 | 2,917 | 30.5% |
| 45 KIME AVE | 2026-06 | $999,000 | 3,158 | 29.9% |
| 10 EMERSON PLACE | 2025-08 | $875,000 | 2,897 | 33.1% |
| 17 TALL OAKS DR | 2025-06 | $900,000 | 3,284 | 34.7% |
| 23 PERRIN DR | 2025-11 | $1,450,000 | 3,305 | 23.8% |
| 822 VALLEY RD | 2025-01 | $1,180,000 | 3,542 | 24.2% |
| 149 OLDHAM RD | 2026-02 | $890,000 | 3,446 | 34.0% |
| 6 KIPP CT | 2025-09 | $980,000 | 3,350 | 33.0% |
| 406 INDIAN RD | 2026-06 | $908,000 | 2,950 | 31.7% |
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