The Fair Share Report
46 Bowfell Ct
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 $578,075 – $695,200, 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 $635,371 home should be assessed near $227,590.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,890 below what the ratio math suggests (15.3%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $5.868 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 12 HADLEY LANE | 2026-03 | $675,000 | 2,012 | 38.7% |
| 157 WORCESTER DR | 2025-01 | $680,000 | 2,012 | 33.4% |
| 130 BUNKER HILL RD | 2025-10 | $636,000 | 2,022 | 28.6% |
| 11 CONISTON CT | 2025-07 | $630,000 | 2,028 | 32.7% |
| 39 MATTHEW RD | 2025-08 | $600,000 | 2,089 | 34.5% |
| 28 EASEDALE RD | 2026-02 | $585,000 | 1,889 | 35.4% |
| 28 GREENUP CT | 2025-10 | $660,000 | 1,889 | 30.7% |
| 10 GREENUP CT | 2026-02 | $625,000 | 1,889 | 33.4% |
| 42 MATTHEW RD | 2025-07 | $565,000 | 2,092 | 30.7% |
| 3 BLACK BRIAR LANE | 2025-02 | $637,014 | 2,092 | 32.4% |
| 16 TANAGER CT | 2025-01 | $530,000 | 1,924 | 35.1% |
| 25 BIRCH LANE | 2025-10 | $625,000 | 1,889 | 29.7% |
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