The Fair Share Report

8 Starview Ct

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

≈ $903,187

Likely range $671,195 – $1,121,758, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

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 $903,187 home should be assessed near $323,522.

Step 3 · Assessed value

$432,000

Set at the last town-wide revaluation and mostly frozen since. That's $108,478 above what the ratio math suggests (33.5%).

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

$25,911/yr
Public schools$14,418
Passaic County$5,405
Town of Wayne$6,088
Wayne average$13,868

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

Town median 29.7%
This home · 47.8%

19%70%

A touch high — worth watching

This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
1360 HAMBURG TPKE2025-07$520,0002,75531.3%
1360 HAMBURG TPKE2026-03$685,0002,74825.2%
50 ATHERTON CT2025-01$1,050,0002,99533.6%
33 GATES PLACE2025-10$1,135,0003,04534.2%
801 FOUR SEASONS DR2025-12$530,00031.2%
153 CHOPIN DR2025-04$999,0003,32138.6%
1360 HAMBURG TPKE2025-05$440,0002,60035.6%
49 PONDS CIRCLE2025-04$660,0002,63331.9%
6 DIANE CT2026-06$1,170,0002,92428.8%
106 PANCAKE HOLLOW DR2025-10$1,130,0003,61238.8%
4 BITOLA DR2025-06$972,0003,08234.5%
13 STONE HILL RD2025-11$1,300,0003,32228.0%

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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 →