The Fair Share Report
78 Westview Rd
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 $1,261,870 – $1,623,064, from 12 comparable Wayne sales in the past 18 months, at this home's 4,862 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 $1,423,719 home should be assessed near $509,976.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,476 below what the ratio math suggests (15.0%).
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%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 111 CHOPIN DR | 2026-05 | $1,400,000 | 4,781 | 33.9% |
| 43 HORIZON DR | 2025-05 | $1,420,000 | 4,839 | 34.8% |
| 23 HORIZON DR | 2025-06 | $1,580,000 | 4,733 | 39.1% |
| 115 LAKE DR E | 2025-01 | $1,700,000 | 5,365 | 24.6% |
| 63 WESTVIEW RD | 2025-11 | $1,620,000 | 4,232 | 30.4% |
| 17 SHADOW RIDGE RD | 2025-06 | $1,500,000 | 4,074 | 28.5% |
| 32 APACHE RD | 2025-05 | $1,200,000 | 4,396 | 40.9% |
| 1118 PINES LAKE DR W | 2025-10 | $2,430,000 | 5,041 | 33.3% |
| 1360 HAMBURG TPKE | 2025-08 | $925,000 | 4,050 | 25.6% |
| 5 MONTAUK TRAIL | 2025-12 | $1,540,000 | 6,048 | 38.0% |
| 16 VIZCAYA COURT | 2025-09 | $1,125,000 | 3,962 | 40.7% |
| 12 JENNY LANE | 2025-09 | $1,299,900 | 4,394 | 29.8% |
Is this your house?
Run your own report →