The Fair Share Report

75 Ford St

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

≈ $473,525

Likely range $443,115 – $487,510, from 12 comparable Wayne sales in the past 18 months, at this home's 1,325 sq ft.

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 $473,525 home should be assessed near $169,617.

Step 3 · Assessed value

$129,400

Set at the last town-wide revaluation and mostly frozen since. That's $40,217 below what the ratio math suggests (23.7%).

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

$7,761/yr
Public schools$4,319
Passaic County$1,619
Town of Wayne$1,824
Wayne average$13,868

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

Town median 29.7%
This home · 27.3%

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)

AddressSoldPriceSq ftRatio
39 PARKSIDE COURT2025-03$475,0001,29137.9%
801 FOUR SEASONS DR2025-12$530,00031.2%
703 BRITTANY DR2026-03$486,0001,33128.9%
34 PARKSIDE COURT2026-06$470,0001,18728.0%
511 BRITTANY DR2026-04$515,0001,45128.0%
611 BRITTANY DR2025-10$460,0001,45131.4%
703 FOUR SEASONS DR2026-06$510,0001,52529.9%
511 FOUR SEASONS DR2026-03$545,0001,52528.0%
1302 FOUR SEASONS DR2025-11$510,0001,52529.7%
103 FOUR SEASONS DR2025-11$480,0001,52531.5%
1410 FOUR SEASONS DR2025-05$569,0001,52526.8%
3108 SCHINDLER LANE2026-05$450,0001,15432.0%

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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 →