The Fair Share Report
47 Laurel 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 $602,481 – $760,648, from 12 comparable Wayne sales in the past 18 months, at this home's 2,076 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 $699,461 home should be assessed near $250,547.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $55,247 below what the ratio math suggests (22.1%).
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 |
|---|---|---|---|---|
| 79 LIONSHEAD DR W | 2025-12 | $735,000 | 2,006 | 28.8% |
| 176 BEECHWOOD DR | 2025-10 | $730,000 | 1,867 | 29.6% |
| 174 HILLCREST DR | 2026-03 | $760,000 | 2,136 | 28.8% |
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
| 134 OAKWOOD DR | 2026-01 | $555,000 | 1,927 | 35.2% |
| 21 ALPS RD | 2025-05 | $712,000 | 1,898 | 25.7% |
| 14 ONEIDA TRAIL | 2026-03 | $765,000 | 2,636 | 29.4% |
| 1 LENAPE TRAIL | 2026-02 | $625,000 | 1,855 | 30.8% |
| 35 MINNS AVE | 2025-06 | $520,000 | 1,880 | 28.2% |
| 26 GIANNONE RD | 2025-10 | $770,000 | 2,172 | 28.7% |
| 99 BEECH TERR | 2026-05 | $815,000 | 2,494 | 26.4% |
| 202 NEWARK POMPTON TPKE | 2025-12 | $470,000 | 1,616 | 34.7% |
Is this your house?
Run your own report →