The Fair Share Report

8 Tomahawk Dr

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

≈ $614,545

Likely range $572,667 – $678,311, from 12 comparable Wayne sales in the past 18 months, at this home's 1,915 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 $614,545 home should be assessed near $220,130.

Step 3 · Assessed value

$222,400

Set at the last town-wide revaluation and mostly frozen since. That's $2,270 above what the ratio math suggests (1.0%).

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

$13,340/yr
Public schools$7,423
Passaic County$2,783
Town of Wayne$3,134
Wayne average$13,868

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

Town median 29.7%
This home · 36.2%

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
32 GREENUP CT2025-10$690,0001,90631.6%
133 EASEDALE RD2026-02$690,0001,94831.8%
6 DOWITCHER CT2025-09$562,0001,92433.1%
6 BIRDSEYE CIRCLE2025-01$645,0002,17836.2%
7 CONISTON CT2026-03$650,0001,88929.2%
55 BOBOLINK COURT2025-12$620,0001,93232.6%
10 GANNET CT2026-06$700,0001,92030.5%
6 TOMAHAWK DRIVE2025-10$778,0002,17830.2%
97 BOWFELL CT2025-06$625,0002,09030.4%
156 TICONDEROGA TERR2026-03$382,5001,92747.7%
85 LEXINGTON LANE2025-10$634,0001,92728.7%
91 LEXINGTON LANE2025-01$612,5001,92729.5%

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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 →