The Fair Share Report

60 Brandon Ave

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

≈ $956,804

Likely range $918,863 – $1,007,030, from 12 comparable Wayne sales in the past 18 months, at this home's 3,234 sq ft.

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 $956,804 home should be assessed near $342,727.

Step 3 · Assessed value

$258,300

Set at the last town-wide revaluation and mostly frozen since. That's $84,427 below what the ratio math suggests (24.6%).

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 $5.901 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$15,243/yr
Public schools$8,482
Passaic County$3,180
Town of Wayne$3,581
Wayne average$13,868

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

Town median 29.7%
This home · 27.0%

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
11 ABERDEEN AVE2025-01$825,0003,24137.0%
KNOX TERRACE2025-09$15,00024.7%
18 HARWOOD PLACE2026-05$920,0003,23833.9%
12 CHRISTINE COURT2025-04$999,9993,26730.8%
134 ANDOVER DR2026-01$775,0003,37235.0%
11 COPLEY COURT2025-02$950,0003,31133.2%
1008 VALLEY RD2025-01$998,0003,20528.8%
21 FAIRMOUNT RD2025-06$1,050,0003,38430.1%
45 KIME AVE2026-06$999,0003,15829.9%
24 ETON COURT2025-08$750,0003,28438.2%
7 KING COURT2025-07$925,0003,12427.0%
33 GEORGIA DR2026-05$935,0003,18632.0%

Is this your house?

Run your own report →

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 →