The Fair Share Report
47 Braemar Dr
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 $886,084 – $996,030, from 12 comparable Wayne sales in the past 18 months, at this home's 2,476 sq ft.
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 $936,508 home should be assessed near $335,457.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,357 below what the ratio math suggests (13.8%).
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%
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 |
|---|---|---|---|---|
| 16 LAWRENCE RD | 2026-05 | $1,280,000 | 2,538 | 23.8% |
| 75 LONGPORT RD | 2026-06 | $750,000 | 2,465 | 34.2% |
| 37 BROOKWOOD DR | 2025-06 | $921,000 | 2,435 | 33.0% |
| 37 LARKSPUR RD | 2025-04 | $880,000 | 2,459 | 34.1% |
| 19 HARWOOD PLACE | 2026-06 | $1,105,000 | 2,566 | 26.1% |
| 16 HIGHLAND TERR | 2025-10 | $887,030 | 2,316 | 32.4% |
| 12 BAKER ST | 2025-10 | $825,000 | 2,479 | 32.8% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 5 WINONAH AVE | 2025-02 | $615,000 | 2,408 | 35.5% |
| 10 WINONAH AVE | 2026-06 | $999,999 | 2,368 | 25.9% |
| 25 ASHBURN RD | 2025-08 | $950,000 | 2,423 | 30.0% |
| 27 BRISTOL PLACE | 2025-07 | $990,000 | 2,609 | 29.4% |
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