The Fair Share Report
73 Bowfell 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 $522,749 – $637,769, 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 $598,385 home should be assessed near $214,342.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,942 below what the ratio math suggests (23.3%).
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 |
|---|---|---|---|---|
| 142 GARSIDE AVE | 2025-07 | $529,000 | 1,692 | 30.0% |
| 1 HANSEN PLACE | 2025-03 | $595,000 | 1,648 | 32.7% |
| 32 GREENUP CT | 2025-10 | $690,000 | 1,906 | 31.6% |
| 8028 BRITTANY DR | 2025-04 | $527,500 | 1,804 | 36.6% |
| 8307 BRITTANY DR | 2025-02 | $555,000 | 1,804 | 32.2% |
| 7 CONISTON CT | 2026-03 | $650,000 | 1,889 | 29.2% |
| 6 DOWITCHER CT | 2025-09 | $562,000 | 1,924 | 33.1% |
| 6 HANSEN PLACE | 2026-04 | $605,000 | 1,616 | 24.4% |
| 9 HANSEN PLACE | 2025-04 | $628,750 | 1,616 | 23.7% |
| 40 LITTLEWOOD CT | 2026-04 | $600,000 | 1,617 | 29.3% |
| 8616 BRITTANY DR | 2026-04 | $600,000 | 1,804 | 31.3% |
| 10 GREENUP CT | 2026-02 | $625,000 | 1,889 | 33.4% |
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