The Fair Share Report
49 Park Ln
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 $616,582 – $821,073, 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 $721,139 home should be assessed near $258,312.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $113,512 below what the ratio math suggests (43.9%).
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
12%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 142 GARSIDE AVE | 2025-07 | $529,000 | 1,692 | 30.0% |
| 67 DARLINGTON DR | 2025-12 | $700,000 | 1,756 | 33.1% |
| 27 STANFORD PLACE | 2026-02 | $753,000 | 1,699 | 27.9% |
| 18 CHANDLER DR | 2025-05 | $687,000 | 1,856 | 38.1% |
| 8 THOMAS TERR | 2025-07 | $730,000 | 1,730 | 28.9% |
| 22 CHICOPEE DR | 2025-07 | $785,000 | 1,916 | 33.8% |
| 7 KNIGHT RD | 2025-07 | $855,000 | 1,882 | 25.1% |
| 15 STUCKLER LANE | 2026-06 | $950,000 | 1,771 | 23.8% |
| 17 KING COURT | 2025-07 | $650,000 | 1,740 | 35.2% |
| 72 ATWOOD PLACE | 2025-09 | $790,000 | 1,651 | 26.6% |
| 51 CARLISLE RD | 2026-03 | $840,000 | 1,794 | 26.8% |
| 36 GARVEY RD | 2025-03 | $936,000 | 1,734 | 26.2% |
Is this your house?
Run your own report →