The Fair Share Report

6 Westview Rd

Wayne, NJ 07607

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

≈ $519,146

Likely range $490,677 – $549,667, 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 $519,146 home should be assessed near $185,958.

Step 3 · Assessed value

$121,900

Set at the last town-wide revaluation and mostly frozen since. That's $64,058 below what the ratio math suggests (34.4%).

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

$7,312/yr
Public schools$4,068
Passaic County$1,525
Town of Wayne$1,718
Wayne average$13,868

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

Town median 29.7%
This home · 23.5%

17%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)

AddressSoldPriceSq ftRatio
703 FOUR SEASONS DR2026-06$510,0001,52529.9%
511 FOUR SEASONS DR2026-03$545,0001,52528.0%
1302 FOUR SEASONS DR2025-11$510,0001,52529.7%
103 FOUR SEASONS DR2025-11$480,0001,52531.5%
1410 FOUR SEASONS DR2025-05$569,0001,52526.8%
511 BRITTANY DR2026-04$515,0001,45128.0%
611 BRITTANY DR2025-10$460,0001,45131.4%
516 FOUR SEASONS DR2026-04$585,0001,59928.3%
416 FOUR SEASONS DR2026-02$570,0001,59929.0%
705 FOUR SEASONS DR2026-01$559,0001,59929.6%
1308 FOUR SEASONS DR2025-09$590,0001,59927.8%
1101 FOUR SEASONS DR2025-08$540,0001,59930.6%

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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 →