The Fair Share Report
48 Worcester 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 $711,667 – $888,002, 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 $795,926 home should be assessed near $285,101.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,799 above what the ratio math suggests (3.8%).
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%
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 |
|---|---|---|---|---|
| 1360 HAMBURG TPKE | 2025-07 | $520,000 | 2,755 | 31.3% |
| 1360 HAMBURG TPKE | 2026-03 | $685,000 | 2,748 | 25.2% |
| 1360 HAMBURG TPKE | 2025-05 | $440,000 | 2,600 | 35.6% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
| 76 POINT VIEW PARKWAY | 2025-11 | $810,000 | 2,977 | 35.2% |
| 1360 HAMBURG TPKE | 2026-06 | $620,000 | 3,955 | 33.9% |
| 1360 HAMBURG TPKE | 2025-08 | $925,000 | 4,050 | 25.6% |
| 114 POINT VIEW PARKWAY | 2025-04 | $1,200,000 | 3,293 | 31.5% |
| 53 PONDS CIRCLE | 2026-02 | $625,000 | 2,521 | 38.1% |
| 63 SPRING HILL CIRCLE | 2025-11 | $835,000 | 2,826 | 35.4% |
| 73 TOWER RD | 2026-01 | $1,275,000 | 3,160 | 28.4% |
| 47 MATTHEW RD | 2026-04 | $620,000 | 2,549 | 34.6% |
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