The Fair Share Report
846 Ratzer Rd
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $741,588 – $978,118, from 12 comparable Wayne sales in the past 18 months, at this home's 2,353 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 $831,916 home should be assessed near $297,992.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $75,992 below what the ratio math suggests (25.5%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 70 WEINMANNS BLVD | 2026-03 | $760,000 | 2,394 | 37.9% |
| 111 LAKE DR E | 2025-03 | $975,000 | 2,294 | 33.7% |
| 169 HILLCREST DR | 2026-03 | $825,000 | 2,415 | 35.2% |
| 789 BLACK OAK RIDGE RD | 2024-12 | $660,000 | 2,322 | 28.6% |
| 47 SUNSET TERR | 2025-07 | $889,000 | 2,190 | 28.2% |
| 64 MAGNOLIA PLACE | 2025-04 | $990,000 | 2,374 | 29.1% |
| 58 HARDWICK LANE | 2025-10 | $679,500 | 2,156 | 36.0% |
| 29 MANOR DR | 2025-04 | $880,000 | 2,489 | 30.8% |
| 72 LENOX RD | 2026-05 | $1,031,000 | 2,304 | 28.7% |
| 33 KNOLL RD | 2025-03 | $922,000 | 2,218 | 30.6% |
| 83 MAPLE AVE | 2025-06 | $1,090,850 | 2,645 | 27.8% |
| 53 CHOPIN DR | 2025-10 | $700,000 | 2,315 | 35.0% |
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