The Fair Share Report

66 Brandywine Rd

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

≈ $874,628

Likely range $828,144 – $941,788, 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 $874,628 home should be assessed near $313,292.

Step 3 · Assessed value

$249,900

Set at the last town-wide revaluation and mostly frozen since. That's $63,392 below what the ratio math suggests (20.2%).

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

$14,989/yr
Public schools$8,341
Passaic County$3,127
Town of Wayne$3,522
Wayne average$13,868

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

Town median 29.7%
This home · 28.6%

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)

AddressSoldPriceSq ftRatio
121 BALDWIN TERR2025-07$935,0002,28827.5%
41 TOWSEN RD2026-04$885,0002,14429.9%
12 HARMONY LANE2025-09$925,0002,26026.9%
14 ARUNDEL RD2025-07$835,0002,28331.0%
526 INDIAN RD2025-06$975,0002,19127.1%
35 DARLINGTON DR2026-04$940,0002,24525.9%
63 ELERON PLACE2026-01$800,0002,16631.3%
49 LAGUNA DR2026-06$840,0002,24523.4%
64 POWDER HORN DR2025-12$900,0002,40328.5%
53 HERSHEY RD2025-07$852,5002,19636.8%
8 YORKTOWN RD2025-05$950,0002,51627.6%
119 HERRICK RD2026-05$999,0002,42628.5%

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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 →