The Fair Share Report
59 N 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 $740,719 – $831,624, 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 $780,000 home should be assessed near $279,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $88,396 below what the ratio math suggests (31.6%).
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%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 99 CHESTNUT DR | 2025-07 | $807,000 | 2,016 | 28.1% |
| 18 BREEN TERR | 2025-07 | $861,000 | 2,144 | 31.2% |
| 47 SUNSET TERR | 2025-07 | $889,000 | 2,190 | 28.2% |
| 40 LAKE DR E | 2025-09 | $816,000 | 2,258 | 28.4% |
| 30 MARLO RD | 2025-02 | $769,900 | 2,052 | 29.6% |
| 12 KINGSTON RD | 2026-02 | $750,000 | 2,032 | 27.8% |
| 79 LIONSHEAD DR W | 2025-12 | $735,000 | 2,006 | 28.8% |
| 15 ELLA LANE | 2026-06 | $822,000 | 2,076 | 27.3% |
| 8 WEDGEWOOD DR | 2026-06 | $780,000 | 2,044 | 28.8% |
| 3 CLIFFORD DR | 2025-05 | $750,000 | 2,034 | 25.9% |
| 28 AUGUSTA DR | 2025-04 | $815,000 | 2,032 | 31.2% |
| 508 PINES LAKE DR E | 2026-06 | $750,000 | 2,242 | 30.7% |
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