The Fair Share Report

84 Maple Ln

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

≈ $680,897

Likely range $580,802 – $722,527, 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 $680,897 home should be assessed near $243,897.

Step 3 · Assessed value

$164,300

Set at the last town-wide revaluation and mostly frozen since. That's $79,597 below what the ratio math suggests (32.6%).

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

$9,855/yr
Public schools$5,484
Passaic County$2,056
Town of Wayne$2,315
Wayne average$13,868

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

Town median 29.7%
This home · 24.1%

17%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
35 MINNS AVE2025-06$520,0001,88028.2%
21 ALPS RD2025-05$712,0001,89825.7%
498 PINES LAKE DR E2025-07$675,0001,77327.8%
155A FORD ST2025-07$540,0001,90025.8%
176 BEECHWOOD DR2025-10$730,0001,86729.6%
47 LAUREL DR2026-06$730,0002,07626.8%
27 CHESTNUT DR2025-03$605,0001,66632.3%
217 ALPS RD2025-11$685,0001,65425.6%
37 SOUTH RD2026-06$510,0001,33421.3%
1 LENAPE TRAIL2026-02$625,0001,85530.8%
132 LINDEN RD2026-03$640,0001,68027.9%
55 BOBOLINK COURT2025-12$620,0001,93232.6%

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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 →