The Fair Share Report
68 Colfax 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $500,152 – $587,714, from 12 comparable Wayne sales in the past 18 months, at this home's 1,169 sq ft.
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 $524,925 home should be assessed near $188,028.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,328 below what the ratio math suggests (23.6%).
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 |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 195 NEWARK POMPTON TPKE | 2025-11 | $450,000 | 1,308 | 31.1% |
| 19 PINECREST TERR | 2026-03 | $570,000 | 1,252 | 25.3% |
| 34 REDWOOD AVE | 2025-12 | $600,000 | 1,379 | 27.2% |
| 41 BROOKDALE RD | 2025-10 | $590,000 | 1,379 | 28.2% |
| 22 SYCAMORE TRAIL | 2025-04 | $570,000 | 1,379 | 28.6% |
| 1147B VALLEY RD | 2025-01 | $345,000 | 1,080 | 30.4% |
| 65 MAPLEWOOD AVE | 2025-06 | $500,000 | 1,000 | 30.1% |
| 63 CHESTNUT DR | 2026-05 | $570,000 | 1,300 | 33.3% |
| 45 MAPLEWOOD AVE | 2025-11 | $630,000 | 1,403 | 25.2% |
| 5 SUNSET TERR | 2025-11 | $640,000 | 1,273 | 29.5% |
| 4 PINE TERR | 2025-12 | $675,000 | 1,314 | 28.9% |
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