The Fair Share Report
79 Ashburn Rd
Wayne, NJ 07470
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
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This home's payments are about right
It sits inside Wayne's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $828,613 – $987,370, from 12 comparable Wayne sales in the past 18 months, at this home's 2,547 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 $961,705 home should be assessed near $344,483.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $93,483 below what the ratio math suggests (27.1%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 19 HARWOOD PLACE | 2026-06 | $1,105,000 | 2,566 | 26.1% |
| 16 LAWRENCE RD | 2026-05 | $1,280,000 | 2,538 | 23.8% |
| 27 BRISTOL PLACE | 2025-07 | $990,000 | 2,609 | 29.4% |
| 37 LARKSPUR RD | 2025-04 | $880,000 | 2,459 | 34.1% |
| 69 NORMANDY DR | 2025-12 | $710,000 | 2,606 | 35.0% |
| 5 WINONAH AVE | 2025-02 | $615,000 | 2,408 | 35.5% |
| 32 SEARS PLACE | 2025-05 | $840,000 | 2,582 | 31.6% |
| 6 WEBSTER DR | 2025-09 | $999,000 | 2,577 | 24.4% |
| 25 ASHBURN RD | 2025-08 | $950,000 | 2,423 | 30.0% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 12 BAKER ST | 2025-10 | $825,000 | 2,479 | 32.8% |
| 37 BROOKWOOD DR | 2025-06 | $921,000 | 2,435 | 33.0% |
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