The Fair Share Report
69 Normandy 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $925,149 – $1,073,122, from 12 comparable Wayne sales in the past 18 months, at this home's 2,606 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 $983,983 home should be assessed near $352,463.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,163 below what the ratio math suggests (29.6%).
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
18%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 32 SEARS PLACE | 2025-05 | $840,000 | 2,582 | 31.6% |
| 27 BRISTOL PLACE | 2025-07 | $990,000 | 2,609 | 29.4% |
| 8 YORKTOWN RD | 2025-05 | $950,000 | 2,516 | 27.6% |
| 23 ERLI ST | 2026-06 | $1,500,000 | 2,627 | 21.4% |
| 119 HERRICK RD | 2026-05 | $999,000 | 2,426 | 28.5% |
| 19 HARWOOD PLACE | 2026-06 | $1,105,000 | 2,566 | 26.1% |
| 6 WEBSTER DR | 2025-09 | $999,000 | 2,577 | 24.4% |
| 20 ERLI ST | 2026-06 | $950,000 | 2,676 | 31.0% |
| 37 LARKSPUR RD | 2025-04 | $880,000 | 2,459 | 34.1% |
| 5 WINONAH AVE | 2025-02 | $615,000 | 2,408 | 35.5% |
| 2 EDEN PLACE | 2026-03 | $925,000 | 2,592 | 31.6% |
| 418 PINES LAKE DR E | 2026-03 | $913,000 | 2,747 | 29.6% |
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