The Fair Share Report
516 Fairfield Rd
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 $503,414 – $752,668, 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 $722,507 home should be assessed near $258,802.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,002 below what the ratio math suggests (17.4%).
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%48%
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 PONDS CIRCLE | 2026-03 | $561,500 | 2,336 | 40.1% |
| 16 PETERSON RD | 2025-06 | $850,000 | 2,398 | 32.4% |
| 24 PONDS CIRCLE | 2026-05 | $600,000 | 2,420 | 35.0% |
| 16 PONDS CIRCLE | 2025-02 | $645,000 | 2,420 | 30.3% |
| 521 COLFAX RD | 2025-01 | $905,000 | 2,340 | 30.8% |
| 138 LEVINBERG LANE | 2026-04 | $700,000 | 2,146 | 31.9% |
| 249 LEVINBERG LANE | 2025-12 | $710,000 | 2,146 | 31.4% |
| 200 LEVINBERG LANE | 2025-11 | $754,000 | 2,146 | 30.2% |
| 140 LEVINBERG LANE | 2025-08 | $710,000 | 2,146 | 31.4% |
| 134 LEVINBERG LANE | 2025-01 | $691,000 | 2,146 | 32.3% |
| 53 PONDS CIRCLE | 2026-02 | $625,000 | 2,521 | 38.1% |
| 285 LEVINBERG LANE | 2025-11 | $795,000 | 2,389 | 31.8% |
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