The Fair Share Report

5 Worcester Dr

Wayne, NJ 07430

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.

Step 1 · Market value

≈ $553,317

Likely range $517,119 – $585,732, from 12 comparable Wayne sales in the past 18 months, at this home's 1,601 sq ft.

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $553,317 home should be assessed near $198,198.

Step 3 · Assessed value

$195,400

Set at the last town-wide revaluation and mostly frozen since. That's $2,798 below what the ratio math suggests (1.4%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$11,720/yr
Public schools$6,522
Passaic County$2,445
Town of Wayne$2,754
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 35.3%

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)

AddressSoldPriceSq ftRatio
6 HANSEN PLACE2026-04$605,0001,61624.4%
9 HANSEN PLACE2025-04$628,7501,61623.7%
1 HANSEN PLACE2025-03$595,0001,64832.7%
8605 BRITTANY DR2026-05$480,0001,62835.3%
8710 BRITTANY DR2025-11$530,0001,62833.8%
8210 BRITTANY DR2025-05$530,0001,62834.6%
146 GARSIDE AVE2026-02$500,0001,54830.4%
144 GARSIDE AVE2025-11$535,0001,54828.1%
8312 BRITTANY DR2025-10$540,0001,62831.3%
142 GARSIDE AVE2025-07$529,0001,69230.0%
8717 BRITTANY DR2026-03$505,0001,62833.7%
40 LITTLEWOOD CT2026-04$600,0001,61729.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →