The Fair Share Report
753 Terhune Dr
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 $1,259,371 – $1,629,570, from 12 comparable Wayne sales in the past 18 months, at this home's 4,257 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 $1,448,324 home should be assessed near $518,790.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $25,910 above what the ratio math suggests (5.0%).
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%49%
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 |
|---|---|---|---|---|
| 7 SOLDATOVIC COURT | 2025-09 | $1,400,000 | 4,255 | 34.9% |
| 334 PINES LAKE DR E | 2025-08 | $1,975,000 | 4,664 | 31.0% |
| 12 JENNY LANE | 2025-09 | $1,299,900 | 4,394 | 29.8% |
| 16 SHADOW RIDGE RD | 2025-11 | $1,350,000 | 3,968 | 32.5% |
| 1118 PINES LAKE DR W | 2025-10 | $2,430,000 | 5,041 | 33.3% |
| 18 GATES PLACE | 2025-05 | $1,502,000 | 5,007 | 38.8% |
| 63 WESTVIEW RD | 2025-11 | $1,620,000 | 4,232 | 30.4% |
| 16 VIZCAYA COURT | 2025-09 | $1,125,000 | 3,962 | 40.7% |
| 17 SHADOW RIDGE RD | 2025-06 | $1,500,000 | 4,074 | 28.5% |
| 14 STRATTON DR | 2025-10 | $1,530,000 | 3,543 | 26.7% |
| 31 BOURBON ST | 2025-07 | $1,400,000 | 3,998 | 29.2% |
| 17 FARMSTEAD LANE | 2025-07 | $1,460,000 | 3,996 | 29.9% |
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