The Fair Share Report
51 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 $513,051 – $735,997, 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 $623,773 home should be assessed near $223,435.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,435 below what the ratio math suggests (32.0%).
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
15%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 |
|---|---|---|---|---|
| 29 OLDHAM RD | 2025-08 | $480,000 | 1,412 | 27.9% |
| 20 FERN RIVER AVE | 2025-04 | $425,000 | 1,320 | 24.1% |
| 104 OLDHAM RD | 2025-08 | $530,000 | 1,373 | 26.0% |
| 38 LAUREL DR | 2025-05 | $735,000 | 1,432 | 22.9% |
| 35 LENAPE TRAIL | 2025-06 | $560,000 | 1,287 | 27.8% |
| 78 MAPLE LANE | 2026-05 | $650,000 | 1,378 | 35.3% |
| 44 HILLCREST DR | 2025-09 | $635,000 | 1,414 | 32.0% |
| 153 RYERSON AVE | 2025-06 | $475,000 | 1,404 | 27.5% |
| 91 BEECHWOOD DR | 2026-05 | $767,500 | 1,320 | 25.0% |
| 146 BEECHWOOD DR | 2025-08 | $730,000 | 1,423 | 28.0% |
| 1 SHORE RD | 2025-01 | $604,000 | 1,372 | 21.7% |
| 16 HILLSIDE TERR | 2026-05 | $650,000 | 1,446 | 28.3% |
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