The Fair Share Report
62 Hershey Rd
Wayne, NJ 07470
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Wayne, but below NJ's legal appeal line (41.19%), where a case becomes winnable.
Step 1 · Market value
Likely range $811,224 – $1,014,991, 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 $952,209 home should be assessed near $341,081.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,119 above what the ratio math suggests (11.2%).
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%52%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 23 PERRIN DR | 2025-11 | $1,450,000 | 3,305 | 23.8% |
| 12 CHRISTINE COURT | 2025-04 | $999,999 | 3,267 | 30.8% |
| 115 WEBSTER DR | 2025-09 | $999,999 | 3,380 | 32.1% |
| 60 BRANDON AVE | 2025-12 | $680,000 | 3,234 | 38.0% |
| 17 TALL OAKS DR | 2025-06 | $900,000 | 3,284 | 34.7% |
| 18 HARWOOD PLACE | 2026-05 | $920,000 | 3,238 | 33.9% |
| 11 COPLEY COURT | 2025-02 | $950,000 | 3,311 | 33.2% |
| 61 CARLISLE RD | 2026-04 | $1,265,000 | 3,413 | 23.4% |
| 6 KIPP CT | 2025-09 | $980,000 | 3,350 | 33.0% |
| 21 FAIRMOUNT RD | 2025-06 | $1,050,000 | 3,384 | 30.1% |
| 11 ABERDEEN AVE | 2025-01 | $825,000 | 3,241 | 37.0% |
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