The Fair Share Report
74 Armstrong 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 $660,484 – $750,478, from 12 comparable Wayne sales in the past 18 months, at this home's 1,638 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 $703,591 home should be assessed near $252,026.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,726 below what the ratio math suggests (38.8%).
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
15%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 78 VAN DUYNE AVE | 2025-12 | $582,000 | 1,685 | 29.0% |
| 69 ALLEN DR | 2025-07 | $700,000 | 1,736 | 31.8% |
| 16 DALEWOOD RD | 2025-10 | $585,000 | 1,589 | 29.4% |
| 53 MOUNTAIN RIDGE DR | 2025-06 | $722,000 | 1,744 | 31.7% |
| 42 CECILIA DR | 2025-08 | $690,000 | 1,506 | 32.2% |
| 1347 ALPS RD | 2025-08 | $435,000 | 1,584 | 43.8% |
| 50 NORMANDY DR | 2025-04 | $826,000 | 1,611 | 25.9% |
| 28 KINGSTON RD | 2026-03 | $755,000 | 1,689 | 24.3% |
| 36 JOYCE LANE | 2025-08 | $695,000 | 1,618 | 30.6% |
| 28 JOYCE LANE | 2025-05 | $800,000 | 1,806 | 25.9% |
| 10 RUTGERS COURT | 2025-10 | $690,000 | 1,648 | 30.2% |
| 37 WENDT LANE | 2025-06 | $790,000 | 1,593 | 27.6% |
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