The Fair Share Report
68 Oldham 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 $456,490 – $722,141, 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 $532,492 home should be assessed near $190,739.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,239 below what the ratio math suggests (22.7%).
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
15%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 |
|---|---|---|---|---|
| 651 ALPS RD | 2025-06 | $592,000 | 1,514 | 30.6% |
| 10 LAKE DR W | 2026-06 | $800,000 | 1,445 | 31.0% |
| 42 DEERFIELD RD | 2025-06 | $660,000 | 1,459 | 27.4% |
| 29 ROLLING HILLS DR | 2025-12 | $750,000 | 1,456 | 25.4% |
| 90 WEINMANNS BLVD | 2025-12 | $885,000 | 1,932 | 30.9% |
| 1347 ALPS RD | 2025-08 | $435,000 | 1,584 | 43.8% |
| 42 CECILIA DR | 2025-08 | $690,000 | 1,506 | 32.2% |
| 703 FOUR SEASONS DR | 2026-06 | $510,000 | 1,525 | 29.9% |
| 511 FOUR SEASONS DR | 2026-03 | $545,000 | 1,525 | 28.0% |
| 1302 FOUR SEASONS DR | 2025-11 | $510,000 | 1,525 | 29.7% |
| 103 FOUR SEASONS DR | 2025-11 | $480,000 | 1,525 | 31.5% |
| 1410 FOUR SEASONS DR | 2025-05 | $569,000 | 1,525 | 26.8% |
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