The Fair Share Report

66 Maple 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

≈ $709,567

Likely range $645,484 – $765,509, 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 $709,567 home should be assessed near $254,167.

Step 3 · Assessed value

$158,200

Set at the last town-wide revaluation and mostly frozen since. That's $95,967 below what the ratio math suggests (37.8%).

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

$9,489/yr
Public schools$5,280
Passaic County$1,979
Town of Wayne$2,229
Wayne average$13,868

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

Town median 29.7%
This home · 22.3%

15%47%

Keep quiet and enjoy it

This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
31 POINT VIEW PARKWAY2026-02$450,00031.8%
192 MOHAWK TRAIL2025-01$470,0001,82038.7%
8 THOMAS TERR2025-07$730,0001,73028.9%
110 CHESTNUT DR2025-08$750,0001,71533.1%
41 BRIARWOOD RD2025-06$665,0001,67226.8%
185 OAKWOOD DR2025-05$630,0001,76832.7%
142 GARSIDE AVE2025-07$529,0001,69230.0%
59 MAGNOLIA PLACE2025-08$775,0001,70227.5%
67 DARLINGTON DR2025-12$700,0001,75633.1%
53 HAMILTON AVE2025-04$775,0001,83025.7%
18 CHANDLER DR2025-05$687,0001,85638.1%
72 BAYWOOD TERR2025-06$670,0001,59026.1%

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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 →