The Fair Share Report
847 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 $711,794 – $830,810, from 12 comparable Wayne sales in the past 18 months, at this home's 1,912 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 $775,049 home should be assessed near $277,623.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $76,923 below what the ratio math suggests (27.7%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 47 SUNSET TERR | 2025-07 | $889,000 | 2,190 | 28.2% |
| 99 CHESTNUT DR | 2025-07 | $807,000 | 2,016 | 28.1% |
| 77 GARSIDE AVE | 2026-04 | $740,000 | 1,980 | 27.3% |
| 62 ALPINE DR | 2026-06 | $825,000 | 1,909 | 31.2% |
| 24 CASTLES DR | 2025-05 | $825,000 | 1,870 | 32.9% |
| 16 MARLO RD | 2025-12 | $752,000 | 2,020 | 30.8% |
| 47 SENECA TRAIL | 2025-06 | $835,000 | 1,969 | 25.2% |
| 86 HINCHMAN AVE | 2025-12 | $730,000 | 1,680 | 27.0% |
| 69 ALLEN DR | 2025-07 | $700,000 | 1,736 | 31.8% |
| 28 JOYCE LANE | 2025-05 | $800,000 | 1,806 | 25.9% |
| 16 DALEWOOD RD | 2025-10 | $585,000 | 1,589 | 29.4% |
| 90 WEINMANNS BLVD | 2025-12 | $885,000 | 1,932 | 30.9% |
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