The Fair Share Report

67 Benson 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.

Step 1 · Market value

≈ $883,937

Likely range $807,464 – $984,342, from 12 comparable Wayne sales in the past 18 months, at this home's 2,470 sq ft.

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 $883,937 home should be assessed near $316,626.

Step 3 · Assessed value

$277,900

Set at the last town-wide revaluation and mostly frozen since. That's $38,726 below what the ratio math suggests (12.2%).

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

$16,668/yr
Public schools$9,275
Passaic County$3,477
Town of Wayne$3,916
Wayne average$13,868

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

Town median 29.7%
This home · 31.4%

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
14 WITKOWSKI WAY2025-05$730,0002,53039.8%
6 WEBSTER DR2025-09$999,0002,57724.4%
42 HOWE AVE2025-12$750,0002,48437.6%
25 ASHBURN RD2025-08$950,0002,42330.0%
12 BAKER ST2025-10$825,0002,47932.8%
23 ERLI ST2026-06$1,500,0002,62721.4%
5 WINONAH AVE2025-02$615,0002,40835.5%
43 RESTON RD2025-11$880,0002,55632.0%
20 ERLI ST2026-06$950,0002,67631.0%
119 HERRICK RD2026-05$999,0002,42628.5%
15 PHYLLIS COURT2025-09$875,0002,41931.2%
10 WINONAH AVE2026-06$999,9992,36825.9%

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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 →