The Fair Share Report
7 Wanda Ave
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 $428,339 – $686,277, 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 $622,246 home should be assessed near $222,889.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,289 below what the ratio math suggests (18.5%).
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%48%
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 |
|---|---|---|---|---|
| 21 SANDRA LANE | 2025-02 | $630,000 | 1,300 | 28.5% |
| 24 SANDRA LANE | 2025-05 | $680,000 | 1,300 | 27.5% |
| 44 CANTON RD | 2025-11 | $735,000 | 1,275 | 24.2% |
| 703 BRITTANY DR | 2026-03 | $486,000 | 1,331 | 28.9% |
| 39 PARKSIDE COURT | 2025-03 | $475,000 | 1,291 | 37.9% |
| 21 ROLLING HILLS DR | 2025-04 | $700,000 | 1,361 | 28.2% |
| 7A TOSCH AVE | 2025-02 | $577,000 | 1,300 | 30.8% |
| 96 LIONSHEAD DR E | 2026-06 | $655,000 | 1,197 | 27.3% |
| 29 STYLON RD | 2025-06 | $675,000 | 1,288 | 20.8% |
| 28 ANN ST | 2026-06 | $250,000 | 1,392 | 47.8% |
| 105 LIONSHEAD DR E | 2025-01 | $600,000 | 1,156 | 29.1% |
| 146 GARSIDE AVE | 2026-02 | $500,000 | 1,548 | 30.4% |
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