The Fair Share Report
59 Lake Dr E
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 $675,461 – $823,214, from 12 comparable Wayne sales in the past 18 months, at this home's 1,804 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 $731,270 home should be assessed near $261,941.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,959 above what the ratio math suggests (14.5%).
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%50%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 122 BALSAM RD | 2025-09 | $726,000 | 1,791 | 29.6% |
| 48 DEERFIELD RD | 2026-04 | $832,000 | 1,813 | 27.2% |
| 30 ALPINE DR | 2025-11 | $770,000 | 1,798 | 35.1% |
| 34 BERRY DR | 2025-11 | $709,000 | 1,852 | 30.4% |
| 17 CLIFFORD DR | 2026-04 | $830,000 | 1,870 | 26.8% |
| 267 CHURCH LANE | 2025-10 | $650,000 | 1,736 | 27.5% |
| 429 PINES LAKE DR E | 2025-04 | $700,000 | 1,752 | 30.5% |
| 65 BRANDON AVE | 2025-08 | $600,000 | 1,812 | 36.7% |
| 7 KIRK TERR | 2025-07 | $861,000 | 1,800 | 29.2% |
| 31 GARFIELD RD | 2025-11 | $780,000 | 1,775 | 27.1% |
| 3 LYLE AVE | 2025-01 | $815,000 | 1,786 | 28.4% |
| 11 ELLA LANE | 2025-10 | $680,000 | 1,728 | 29.4% |
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