The Fair Share Report
7 Jason Ct
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 $639,406 – $878,406, 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 $756,917 home should be assessed near $271,128.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,572 above what the ratio math suggests (7.6%).
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%51%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 PINETREE DR | 2025-06 | $915,000 | 2,296 | 33.8% |
| 139 WEBSTER DR | 2026-03 | $762,000 | 2,371 | 34.8% |
| 42 HOWE AVE | 2025-12 | $750,000 | 2,484 | 37.6% |
| 15 PHYLLIS COURT | 2025-09 | $875,000 | 2,419 | 31.2% |
| 21 BOURBON ST | 2025-05 | $729,000 | 2,324 | 37.4% |
| 29 PONDS CIRCLE | 2026-03 | $561,500 | 2,336 | 40.1% |
| 35 DARLINGTON DR | 2026-04 | $940,000 | 2,245 | 25.9% |
| 66 LEONARD TERR | 2026-01 | $757,000 | 2,202 | 30.0% |
| 16 BALDWIN TERR | 2025-09 | $869,000 | 2,154 | 29.8% |
| 80 PALMER DR | 2025-03 | $815,000 | 2,312 | 29.4% |
| 14 ARUNDEL RD | 2025-07 | $835,000 | 2,283 | 31.0% |
| 30 SINCLAIR DR | 2025-10 | $749,000 | 2,176 | 30.9% |
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