The Fair Share Report
592 Indian 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 $754,978 – $894,706, from 12 comparable Wayne sales in the past 18 months, at this home's 2,028 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 $796,335 home should be assessed near $285,247.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,147 below what the ratio math suggests (17.6%).
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
19%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 |
|---|---|---|---|---|
| 176 LAAUWE AVE | 2025-05 | $690,000 | 1,986 | 32.8% |
| 951 BERDAN AVE | 2026-02 | $732,500 | 2,190 | 33.9% |
| 40 NEWARK AVE | 2025-11 | $690,000 | 1,836 | 26.6% |
| 16 MARLO RD | 2025-12 | $752,000 | 2,020 | 30.8% |
| 72 LENOX RD | 2026-05 | $1,031,000 | 2,304 | 28.7% |
| 34 CHOPIN DR | 2025-10 | $921,500 | 1,800 | 25.6% |
| 287 LINDEN RD | 2025-11 | $1,050,000 | 2,084 | 27.9% |
| 11 ASPEN COURT | 2025-09 | $920,000 | 2,129 | 30.7% |
| 24 CASTLES DR | 2025-05 | $825,000 | 1,870 | 32.9% |
| 33 KNOLL RD | 2025-03 | $922,000 | 2,218 | 30.6% |
| 68 URBAN CLUB RD | 2025-07 | $980,000 | 2,335 | 33.7% |
| 635 ALPS RD | 2025-08 | $750,000 | 1,910 | 29.0% |
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