The Fair Share Report
643 Terhune Dr
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 $486,211 – $594,908, 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 $569,644 home should be assessed near $204,046.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,046 below what the ratio math suggests (1.0%).
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%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 474 NEWARK POMPTON TPKE | 2025-05 | $575,000 | 1,698 | 31.2% |
| 58 VAN DUYNE AVE | 2025-11 | $250,000 | 1,526 | 39.4% |
| 476 TERHUNE DR | 2025-11 | $620,000 | 1,656 | 28.6% |
| 86 HINCHMAN AVE | 2025-12 | $730,000 | 1,680 | 27.0% |
| 886 ALPS RD | 2025-04 | $705,000 | 2,025 | 35.0% |
| 16 DALEWOOD RD | 2025-10 | $585,000 | 1,589 | 29.4% |
| 58 HARDWICK LANE | 2025-10 | $679,500 | 2,156 | 36.0% |
| 95 MAC DONALD DR | 2025-09 | $700,000 | 1,512 | 29.4% |
| 1347 ALPS RD | 2025-08 | $435,000 | 1,584 | 43.8% |
| 249 PARISH DR | 2026-05 | $690,000 | 1,900 | 30.1% |
| 249 PARISH DR | 2025-12 | $500,000 | 1,900 | 41.5% |
| 516 FOUR SEASONS DR | 2026-04 | $585,000 | 1,599 | 28.3% |
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