The Fair Share Report
5 Lake Dr E
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 $713,695 – $948,273, 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 $891,890 home should be assessed near $319,475.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,625 above what the ratio math suggests (4.6%).
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 $5.923 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%52%
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 |
|---|---|---|---|---|
| 1666 HAMBURG TPKE | 2025-08 | $480,000 | 2,358 | 53.5% |
| 53 SUNSET TERR | 2025-08 | $760,000 | 2,463 | 34.5% |
| 14 LOUISA CT | 2026-04 | $999,000 | 2,637 | 30.0% |
| 97 GREEN KNOLLS DR | 2025-09 | $900,000 | 2,336 | 27.1% |
| 37 BROOKWOOD DR | 2025-06 | $921,000 | 2,435 | 33.0% |
| 37 LARKSPUR RD | 2025-04 | $880,000 | 2,459 | 34.1% |
| 75 LONGPORT RD | 2026-06 | $750,000 | 2,465 | 34.2% |
| 508 PINES LAKE DR E | 2026-06 | $750,000 | 2,242 | 30.7% |
| 134 LAAUWE AVE | 2025-02 | $800,000 | 2,662 | 30.5% |
| 55 LEWIS ST | 2025-06 | $799,999 | 2,631 | 25.5% |
| 16 LAWRENCE RD | 2026-05 | $1,280,000 | 2,538 | 23.8% |
| 90 BIRCHWOOD TERR | 2026-04 | $977,000 | 2,654 | 28.6% |
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