The Fair Share Report

65 Cir 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

≈ $740,107

Likely range $659,600 – $798,082, 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 $740,107 home should be assessed near $265,106.

Step 3 · Assessed value

$304,300

Set at the last town-wide revaluation and mostly frozen since. That's $39,194 above what the ratio math suggests (14.8%).

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%

Step 5 · The bill

$18,252/yr
Public schools$10,156
Passaic County$3,807
Town of Wayne$4,288
Wayne average$13,868

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

Town median 29.7%
This home · 41.1%

19%52%

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)

AddressSoldPriceSq ftRatio
789 BLACK OAK RIDGE RD2024-12$660,0002,32228.6%
58 HARDWICK LANE2025-10$679,5002,15636.0%
53 CHOPIN DR2025-10$700,0002,31535.0%
886 ALPS RD2025-04$705,0002,02535.0%
16 PETERSON RD2025-06$850,0002,39832.4%
249 PARISH DR2026-05$690,0001,90030.1%
249 PARISH DR2025-12$500,0001,90041.5%
90 WEINMANNS BLVD2025-12$885,0001,93230.9%
138 LEVINBERG LANE2026-04$700,0002,14631.9%
249 LEVINBERG LANE2025-12$710,0002,14631.4%
200 LEVINBERG LANE2025-11$754,0002,14630.2%
140 LEVINBERG LANE2025-08$710,0002,14631.4%

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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 →