The Fair Share Report

79 Wilson 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

≈ $685,121

Likely range $630,904 – $746,401, from 12 comparable Wayne sales in the past 18 months, at this home's 1,685 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 $685,121 home should be assessed near $245,410.

Step 3 · Assessed value

$233,700

Set at the last town-wide revaluation and mostly frozen since. That's $11,710 below what the ratio math suggests (4.8%).

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

$14,017/yr
Public schools$7,800
Passaic County$2,924
Town of Wayne$3,293
Wayne average$13,868

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

Town median 29.7%
This home · 34.1%

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)

AddressSoldPriceSq ftRatio
78 VAN DUYNE AVE2025-12$582,0001,68529.0%
28 KINGSTON RD2026-03$755,0001,68924.3%
69 ALLEN DR2025-07$700,0001,73631.8%
33 EVELYN TERR2025-07$690,0001,69730.5%
7 MELANIE LANE2025-06$800,0001,71826.8%
28 JOYCE LANE2025-05$800,0001,80625.9%
53 MOUNTAIN RIDGE DR2025-06$722,0001,74431.7%
11 ELLA LANE2025-10$680,0001,72829.4%
36 JOYCE LANE2025-08$695,0001,61830.6%
37 DEERFIELD RD2025-09$630,0001,72929.1%
65 BRANDON AVE2025-08$600,0001,81236.7%
267 CHURCH LANE2025-10$650,0001,73627.5%

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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 →