The Fair Share Report
869 Ratzer Rd
Wayne, NJ 07508
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 $784,444 – $943,008, from 12 comparable Wayne sales in the past 18 months, at this home's 2,471 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 $925,468 home should be assessed near $331,503.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $144,903 below what the ratio math suggests (43.7%).
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
14%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 29 MANOR DR | 2025-04 | $880,000 | 2,489 | 30.8% |
| 48 ALPS RD | 2026-01 | $640,000 | 2,375 | 33.4% |
| 19 MOUNTAIN RIDGE DR | 2025-08 | $885,000 | 2,319 | 29.2% |
| 18 IOWA RD | 2025-10 | $795,000 | 2,553 | 30.3% |
| 1666 HAMBURG TPKE | 2025-08 | $480,000 | 2,358 | 53.5% |
| 14 LOUISA CT | 2026-04 | $999,000 | 2,637 | 30.0% |
| 2 EDEN PLACE | 2026-03 | $925,000 | 2,592 | 31.6% |
| 70 WEINMANNS BLVD | 2026-03 | $760,000 | 2,394 | 37.9% |
| 111 LAKE DR E | 2025-03 | $975,000 | 2,294 | 33.7% |
| 64 POWDER HORN DR | 2025-12 | $900,000 | 2,403 | 28.5% |
| 47 SUNSET TERR | 2025-07 | $889,000 | 2,190 | 28.2% |
| 169 HILLCREST DR | 2026-03 | $825,000 | 2,415 | 35.2% |
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