The Fair Share Report

78 Maple Ln

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

≈ $606,641

Likely range $468,442 – $706,915, from 12 comparable Wayne sales in the past 18 months, at this home's 1,378 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 $606,641 home should be assessed near $217,299.

Step 3 · Assessed value

$229,300

Set at the last town-wide revaluation and mostly frozen since. That's $12,001 above what the ratio math suggests (5.5%).

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

$13,753/yr
Public schools$7,653
Passaic County$2,869
Town of Wayne$3,231
Wayne average$13,868

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

Town median 29.7%
This home · 37.8%

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)

AddressSoldPriceSq ftRatio
104 OLDHAM RD2025-08$530,0001,37326.0%
153 RYERSON AVE2025-06$475,0001,40427.5%
146 BEECHWOOD DR2025-08$730,0001,42328.0%
1 SHORE RD2025-01$604,0001,37221.7%
20 FERN RIVER AVE2025-04$425,0001,32024.1%
29 OLDHAM RD2025-08$480,0001,41227.9%
35 LENAPE TRAIL2025-06$560,0001,28727.8%
38 LAUREL DR2025-05$735,0001,43222.9%
91 BEECHWOOD DR2026-05$767,5001,32025.0%
44 HILLCREST DR2025-09$635,0001,41432.0%
24 LAKE TRAIL E2025-06$625,0001,28623.9%
53 LAUREL DR2025-02$565,0001,23026.9%

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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 →