The Fair Share Report

73 Sandra Ln

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.

Step 1 · Market value

≈ $768,715

Likely range $637,429 – $882,340, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

35.82%

The state's official measure of how far Wayne assessments sit below market value — republished every October, applied town-wide. A $768,715 home should be assessed near $275,354.

Step 3 · Assessed value

$202,500

Set at the last town-wide revaluation and mostly frozen since. That's $72,854 below what the ratio math suggests (26.5%).

Step 4 · The tax rate — same for every Wayne home

$5.998 per $100 assessed

$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%

Step 5 · The bill

$12,146/yr
Public schools$6,759
Passaic County$2,534
Town of Wayne$2,854
Wayne average$13,868

This home vs. every recent Wayne sale · assessed ÷ market

Town median 29.7%
This home · 26.3%

18%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)

AddressSoldPriceSq ftRatio
7 KIRK TERR2025-07$861,0001,80029.2%
1006 BLACK OAK RIDGE RD2026-06$660,0001,78624.8%
51 CARLISLE RD2026-03$840,0001,79426.8%
67 DARLINGTON DR2025-12$700,0001,75633.1%
30 ALPINE DR2025-11$770,0001,79835.1%
37 FARMINGDALE RD2026-05$925,0001,78520.9%
17 KING COURT2025-07$650,0001,74035.2%
36 GARVEY RD2025-03$936,0001,73426.2%
15 STUCKLER LANE2026-06$950,0001,77123.8%
32 AUGUSTA DR2026-03$780,0001,83227.1%
122 WEBSTER DR2026-02$703,0001,89836.1%
7 KNIGHT RD2025-07$855,0001,88225.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →