The Fair Share Report

755 Berdan 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.

Step 1 · Market value

≈ $607,907

Likely range $556,908 – $655,507, 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 $607,907 home should be assessed near $217,752.

Step 3 · Assessed value

$247,600

Set at the last town-wide revaluation and mostly frozen since. That's $29,848 above what the ratio math suggests (13.7%).

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

$14,851/yr
Public schools$8,264
Passaic County$3,098
Town of Wayne$3,489
Wayne average$13,868

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

Town median 29.7%
This home · 40.7%

19%50%

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)

AddressSoldPriceSq ftRatio
142 GARSIDE AVE2025-07$529,0001,69230.0%
8028 BRITTANY DR2025-04$527,5001,80436.6%
8307 BRITTANY DR2025-02$555,0001,80432.2%
8616 BRITTANY DR2026-04$600,0001,80431.3%
8005 BRITTANY DR2026-04$570,0001,80433.9%
8015 BRITTANY DR2026-03$565,0001,80433.2%
29 PONDS CIRCLE2026-03$561,5002,33640.1%
1 HANSEN PLACE2025-03$595,0001,64832.7%
24 PONDS CIRCLE2026-05$600,0002,42035.0%
16 PONDS CIRCLE2025-02$645,0002,42030.3%
6 HANSEN PLACE2026-04$605,0001,61624.4%
9 HANSEN PLACE2025-04$628,7501,61623.7%

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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 →