The Fair Share Report
61 Lake Trl E
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 $519,802 – $656,020, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).
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 $599,270 home should be assessed near $214,659.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,659 below what the ratio math suggests (24.5%).
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 |
|---|---|---|---|---|
| 10 LAKE DR W | 2026-06 | $800,000 | 1,445 | 31.0% |
| 62 ELMWOOD TERR | 2026-01 | $580,000 | 1,438 | 35.4% |
| 15 DALEWOOD RD | 2025-12 | $475,000 | 1,261 | 32.5% |
| 42 DEERFIELD RD | 2025-06 | $660,000 | 1,459 | 27.4% |
| 44 HILLCREST DR | 2025-09 | $635,000 | 1,414 | 32.0% |
| 44 CEDAR PLACE | 2025-04 | $728,000 | 1,664 | 29.1% |
| 375 ALPS RD | 2025-03 | $610,000 | 1,420 | 29.8% |
| 38 LAUREL DR | 2025-05 | $735,000 | 1,432 | 22.9% |
| 28 ANN ST | 2026-06 | $250,000 | 1,392 | 47.8% |
| 60 HILLSIDE TERR | 2025-11 | $660,000 | 1,584 | 33.3% |
| 29 ROLLING HILLS DR | 2025-12 | $750,000 | 1,456 | 25.4% |
| 29 OLDHAM RD | 2025-08 | $480,000 | 1,412 | 27.9% |
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