The Fair Share Report
70 Pinecrest Terr
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 $439,067 – $536,936, from 12 comparable Wayne sales in the past 18 months, at this home's 1,068 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 $517,485 home should be assessed near $185,363.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,563 below what the ratio math suggests (16.5%).
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%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 |
|---|---|---|---|---|
| 1147B VALLEY RD | 2025-01 | $345,000 | 1,080 | 30.4% |
| 65 MAPLEWOOD AVE | 2025-06 | $500,000 | 1,000 | 30.1% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 31 ST MORITZ PLACE | 2025-10 | $320,000 | 1,012 | 36.5% |
| 63 CHESTNUT DR | 2026-05 | $570,000 | 1,300 | 33.3% |
| 5 SUNSET TERR | 2025-11 | $640,000 | 1,273 | 29.5% |
| 2 CROW TRAIL | 2025-06 | $527,000 | 1,080 | 25.4% |
| 10 LAKE TRAIL E | 2026-06 | $550,000 | 1,116 | 25.4% |
| 526 NEWARK POMPTON TPKE | 2025-02 | $470,000 | 970 | 28.2% |
| 50-1B KNOX TERRACE | 2025-12 | $370,000 | 900 | 28.1% |
| 1148-2A VALLEY RD | 2025-08 | $355,000 | 900 | 29.3% |
| 11 RAYS CT | 2025-04 | $615,000 | 1,004 | 24.6% |
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