The Fair Share Report

53 High St

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.

Step 1 · Market value

≈ $705,737

Likely range $657,716 – $723,487, from 12 comparable Wayne sales in the past 18 months, at this home's 2,007 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 $705,737 home should be assessed near $252,795.

Step 3 · Assessed value

$153,400

Set at the last town-wide revaluation and mostly frozen since. That's $99,395 below what the ratio math suggests (39.3%).

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

$9,201/yr
Public schools$5,120
Passaic County$1,919
Town of Wayne$2,162
Wayne average$13,868

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

Town median 29.7%
This home · 21.7%

16%47%

Keep quiet and enjoy it

This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
35 MINNS AVE2025-06$520,0001,88028.2%
21 ALPS RD2025-05$712,0001,89825.7%
498 PINES LAKE DR E2025-07$675,0001,77327.8%
155A FORD ST2025-07$540,0001,90025.8%
47 LAUREL DR2026-06$730,0002,07626.8%
111 WARBLER DR2025-07$755,0012,01031.6%
95 WARBLER DR2025-02$580,0002,01039.3%
107 WARBLER DR2025-04$701,0002,01129.9%
59 MORNING WATCH RD2026-04$730,0002,07532.9%
90 WARBLER DR2025-10$748,0002,07528.7%
10 WHIMBLE CT2025-04$680,0002,07536.8%
211 WARBLER DR2026-04$742,0002,07528.7%

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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 →