The Fair Share Report
654 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 $443,846 – $572,502, 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 $462,108 home should be assessed near $165,527.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,127 below what the ratio math suggests (9.1%).
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 |
|---|---|---|---|---|
| 58 VAN DUYNE AVE | 2025-11 | $250,000 | 1,526 | 39.4% |
| 1 WILLS AVE | 2025-03 | $520,000 | 1,260 | 25.1% |
| 474 NEWARK POMPTON TPKE | 2025-05 | $575,000 | 1,698 | 31.2% |
| 111 WEINMANNS BLVD | 2025-08 | $550,000 | 1,102 | 33.0% |
| 129 TERHUNE DR | 2025-05 | $425,000 | 1,240 | 34.9% |
| 711 INDIAN RD | 2025-02 | $536,000 | 1,196 | 44.4% |
| 476 TERHUNE DR | 2025-11 | $620,000 | 1,656 | 28.6% |
| 281 NEWARK POMPTON TPKE | 2025-05 | $490,000 | 1,300 | 36.8% |
| 34 PARKSIDE COURT | 2026-06 | $470,000 | 1,187 | 28.0% |
| 85 SHEFFIELD RD | 2025-10 | $805,000 | 1,264 | 22.4% |
| 812 BLACK OAK RIDGE RD | 2025-11 | $690,000 | 1,248 | 24.1% |
| 39 PARKSIDE COURT | 2025-03 | $475,000 | 1,291 | 37.9% |
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