The Fair Share Report
56 Jackson Ave
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 $702,225 – $845,741, 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 $800,650 home should be assessed near $286,793.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $92,693 below what the ratio math suggests (32.3%).
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
18%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 |
|---|---|---|---|---|
| 62 ALPINE DR | 2026-06 | $825,000 | 1,909 | 31.2% |
| 65 BRANDON AVE | 2025-08 | $600,000 | 1,812 | 36.7% |
| 5 BURNSIDE PLACE | 2026-06 | $635,000 | 1,888 | 34.2% |
| 47 SENECA TRAIL | 2025-06 | $835,000 | 1,969 | 25.2% |
| 122 WEBSTER DR | 2026-02 | $703,000 | 1,898 | 36.1% |
| 28 JOYCE LANE | 2025-05 | $800,000 | 1,806 | 25.9% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 30 ALPINE DR | 2025-11 | $770,000 | 1,798 | 35.1% |
| 40 BRAEMAR DR | 2025-09 | $878,000 | 1,898 | 28.3% |
| 34 BERRY DR | 2025-11 | $709,000 | 1,852 | 30.4% |
| 37 FARMINGDALE RD | 2026-05 | $925,000 | 1,785 | 20.9% |
| 4 CHARLOTTE TERR | 2025-03 | $770,000 | 2,008 | 29.3% |
Is this your house?
Run your own report →