The Fair Share Report

6 Evers Ct

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

≈ $745,466

Likely range $588,859 – $820,507, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

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 $745,466 home should be assessed near $267,026.

Step 3 · Assessed value

$225,200

Set at the last town-wide revaluation and mostly frozen since. That's $41,826 below what the ratio math suggests (15.7%).

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

$13,508/yr
Public schools$7,516
Passaic County$2,818
Town of Wayne$3,174
Wayne average$13,868

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

Town median 29.7%
This home · 30.2%

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)

AddressSoldPriceSq ftRatio
28 KINGSTON RD2026-03$755,0001,68924.3%
17 KING COURT2025-07$650,0001,74035.2%
KNOX TERRACE2025-09$15,00024.7%
78 VAN DUYNE AVE2025-12$582,0001,68529.0%
36 GARVEY RD2025-03$936,0001,73426.2%
37 FARMINGDALE RD2026-05$925,0001,78520.9%
27 STANFORD PLACE2026-02$753,0001,69927.9%
1006 BLACK OAK RIDGE RD2026-06$660,0001,78624.8%
50 NORMANDY DR2025-04$826,0001,61125.9%
7 KIRK TERR2025-07$861,0001,80029.2%
53 MOUNTAIN RIDGE DR2025-06$722,0001,74431.7%
37 DEERFIELD RD2025-09$630,0001,72929.1%

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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 →