The Fair Share Report

85 Ashburn 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.

Step 1 · Market value

≈ $900,197

Likely range $851,728 – $972,596, from 12 comparable Wayne sales in the past 18 months, at this home's 2,380 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 $900,197 home should be assessed near $322,451.

Step 3 · Assessed value

$261,900

Set at the last town-wide revaluation and mostly frozen since. That's $60,551 below what the ratio math suggests (18.8%).

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

$15,709/yr
Public schools$8,741
Passaic County$3,277
Town of Wayne$3,691
Wayne average$13,868

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

Town median 29.7%
This home · 29.1%

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
10 WINONAH AVE2026-06$999,9992,36825.9%
5 WINONAH AVE2025-02$615,0002,40835.5%
38 STIRLING LANE2025-12$865,0002,32633.1%
25 ASHBURN RD2025-08$950,0002,42330.0%
14 ARUNDEL RD2025-07$835,0002,28331.0%
80 PALMER DR2025-03$815,0002,31229.4%
119 HERRICK RD2026-05$999,0002,42628.5%
37 LARKSPUR RD2025-04$880,0002,45934.1%
37 BROOKWOOD DR2025-06$921,0002,43533.0%
8 AMBOY RD2026-06$920,0002,28725.1%
12 BAKER ST2025-10$825,0002,47932.8%
16 HIGHLAND TERR2025-10$887,0302,31632.4%

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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 →