The Fair Share Report
755 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 $747,001 – $1,334,533, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).
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 $872,642 home should be assessed near $312,580.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,920 above what the ratio math suggests (15.3%).
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%54%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 1377 ROUTE 23 | 2025-01 | $4,950,000 | 3,516 | 36.3% |
| 31 IOWA RD | 2025-04 | $1,100,000 | 3,640 | 28.6% |
| 28 IOWA RD | 2025-08 | $995,000 | 2,493 | 28.6% |
| 118 TALL GRASS DR | 2025-11 | $1,175,000 | 2,906 | 28.7% |
| 1360 HAMBURG TPKE | 2025-07 | $520,000 | 2,755 | 31.3% |
| 1360 HAMBURG TPKE | 2026-03 | $685,000 | 2,748 | 25.2% |
| 49 PONDS CIRCLE | 2025-04 | $660,000 | 2,633 | 31.9% |
| 187 HILLCREST DR | 2026-01 | $1,200,000 | 3,159 | 32.3% |
| 1360 HAMBURG TPKE | 2025-05 | $440,000 | 2,600 | 35.6% |
| 17 TALL OAKS DR | 2025-06 | $900,000 | 3,284 | 34.7% |
| 53 PONDS CIRCLE | 2026-02 | $625,000 | 2,521 | 38.1% |
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