The Fair Share Report
45 Oldham 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 $540,401 – $606,163, 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 $577,061 home should be assessed near $206,703.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,303 below what the ratio math suggests (1.6%).
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%
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 |
|---|---|---|---|---|
| 474 NEWARK POMPTON TPKE | 2025-05 | $575,000 | 1,698 | 31.2% |
| 197 RATZER RD | 2025-10 | $900,000 | 1,876 | 25.8% |
| 476 TERHUNE DR | 2025-11 | $620,000 | 1,656 | 28.6% |
| 142 GARSIDE AVE | 2025-07 | $529,000 | 1,692 | 30.0% |
| 886 ALPS RD | 2025-04 | $705,000 | 2,025 | 35.0% |
| 1 HANSEN PLACE | 2025-03 | $595,000 | 1,648 | 32.7% |
| 1106 FOUR SEASONS DR | 2025-08 | $573,000 | 1,629 | 29.2% |
| 1015 FOUR SEASONS DR | 2025-04 | $551,015 | 1,629 | 30.4% |
| 407 FOUR SEASONS DR | 2025-02 | $564,000 | 1,629 | 29.5% |
| 8605 BRITTANY DR | 2026-05 | $480,000 | 1,628 | 35.3% |
| 8717 BRITTANY DR | 2026-03 | $505,000 | 1,628 | 33.7% |
| 8710 BRITTANY DR | 2025-11 | $530,000 | 1,628 | 33.8% |
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