The Fair Share Report
75 Alder 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 $599,008 – $856,380, from 12 comparable Wayne sales in the past 18 months, at this home's 2,416 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 $766,984 home should be assessed near $274,734.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,766 above what the ratio math suggests (13.4%).
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%57%
A touch high — worth watching
This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 28 IOWA RD | 2025-08 | $995,000 | 2,493 | 28.6% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 24 PONDS CIRCLE | 2026-05 | $600,000 | 2,420 | 35.0% |
| 16 PONDS CIRCLE | 2025-02 | $645,000 | 2,420 | 30.3% |
| 53 CHOPIN DR | 2025-10 | $700,000 | 2,315 | 35.0% |
| 29 PONDS CIRCLE | 2026-03 | $561,500 | 2,336 | 40.1% |
| 53 PONDS CIRCLE | 2026-02 | $625,000 | 2,521 | 38.1% |
| 169 HILLCREST DR | 2026-03 | $825,000 | 2,415 | 35.2% |
| 521 COLFAX RD | 2025-01 | $905,000 | 2,340 | 30.8% |
| 16 PETERSON RD | 2025-06 | $850,000 | 2,398 | 32.4% |
| 64 MAGNOLIA PLACE | 2025-04 | $990,000 | 2,374 | 29.1% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
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