The Fair Share Report

6 Witkowski Way

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

≈ $729,430

Likely range $589,355 – $819,553, 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 $729,430 home should be assessed near $261,282.

Step 3 · Assessed value

$221,600

Set at the last town-wide revaluation and mostly frozen since. That's $39,682 below what the ratio math suggests (15.2%).

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%

This home's own bill implies $5.885 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$13,042/yr
Public schools$7,257
Passaic County$2,721
Town of Wayne$3,064
Wayne average$13,868

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

Town median 29.7%
This home · 30.4%

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
142 GARSIDE AVE2025-07$529,0001,69230.0%
17 KING COURT2025-07$650,0001,74035.2%
104 LIONSHEAD DR W2026-06$865,0001,87223.0%
28 KINGSTON RD2026-03$755,0001,68924.3%
67 DARLINGTON DR2025-12$700,0001,75633.1%
36 GARVEY RD2025-03$936,0001,73426.2%
27 STANFORD PLACE2026-02$753,0001,69927.9%
1006 BLACK OAK RIDGE RD2026-06$660,0001,78624.8%
7 KIRK TERR2025-07$861,0001,80029.2%
37 FARMINGDALE RD2026-05$925,0001,78520.9%
72 ATWOOD PLACE2025-09$790,0001,65126.6%
18 STANFORD PLACE2026-04$712,0001,63429.9%

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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 →