The Fair Share Report

65 Hardwick Ln

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

≈ $540,379

Likely range $391,943 – $719,076, 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 $540,379 home should be assessed near $193,564.

Step 3 · Assessed value

$202,100

Set at the last town-wide revaluation and mostly frozen since. That's $8,536 above what the ratio math suggests (4.4%).

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

$12,122/yr
Public schools$6,745
Passaic County$2,529
Town of Wayne$2,848
Wayne average$13,868

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

Town median 29.7%
This home · 37.4%

19%57%

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
58 VAN DUYNE AVE2025-11$250,0001,52639.4%
474 NEWARK POMPTON TPKE2025-05$575,0001,69831.2%
95 MAC DONALD DR2025-09$700,0001,51229.4%
476 TERHUNE DR2025-11$620,0001,65628.6%
86 HINCHMAN AVE2025-12$730,0001,68027.0%
249 PARISH DR2026-05$690,0001,90030.1%
249 PARISH DR2025-12$500,0001,90041.5%
88 HINCHMAN AVE2026-03$725,0001,52023.6%
42 CECILIA DR2025-08$690,0001,50632.2%
16 DALEWOOD RD2025-10$585,0001,58929.4%
10 LAKE DR W2026-06$800,0001,44531.0%
1347 ALPS RD2025-08$435,0001,58443.8%

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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 →