The Fair Share Report
52 Colonial 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 $562,854 – $627,200, from 12 comparable Wayne sales in the past 18 months, at this home's 1,664 sq ft.
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 $600,777 home should be assessed near $215,198.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,002 above what the ratio math suggests (30.7%).
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%55%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (41.19%) — roughly $3,959/yr at stake. NJ appeals are generally due April 1.
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% |
| 197 RATZER RD | 2025-10 | $900,000 | 1,876 | 25.8% |
| 281 NEWARK POMPTON TPKE | 2025-05 | $490,000 | 1,300 | 36.8% |
| 33 IOWA RD | 2025-04 | $715,000 | 1,830 | 34.1% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 1 HANSEN PLACE | 2025-03 | $595,000 | 1,648 | 32.7% |
| 146 GARSIDE AVE | 2026-02 | $500,000 | 1,548 | 30.4% |
| 144 GARSIDE AVE | 2025-11 | $535,000 | 1,548 | 28.1% |
| 6 HANSEN PLACE | 2026-04 | $605,000 | 1,616 | 24.4% |
| 9 HANSEN PLACE | 2025-04 | $628,750 | 1,616 | 23.7% |
| 476 TERHUNE DR | 2025-11 | $620,000 | 1,656 | 28.6% |
| 1106 FOUR SEASONS DR | 2025-08 | $573,000 | 1,629 | 29.2% |
Is this your house?
Run your own report →