The Fair Share Report
874 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 $546,135 – $706,432, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).
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 $665,417 home should be assessed near $238,352.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,352 below what the ratio math suggests (29.5%).
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
18%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 |
|---|---|---|---|---|
| 1347 ALPS RD | 2025-08 | $435,000 | 1,584 | 43.8% |
| 44 CEDAR PLACE | 2025-04 | $728,000 | 1,664 | 29.1% |
| 60 HILLSIDE TERR | 2025-11 | $660,000 | 1,584 | 33.3% |
| 278 FRENCH HILL RD | 2026-05 | $715,000 | 1,699 | 26.4% |
| 16 DALEWOOD RD | 2025-10 | $585,000 | 1,589 | 29.4% |
| 197 OAKWOOD DR | 2025-08 | $710,000 | 1,652 | 30.2% |
| 99 CHESTNUT DR | 2025-07 | $807,000 | 2,016 | 28.1% |
| 36 JOYCE LANE | 2025-08 | $695,000 | 1,618 | 30.6% |
| 37 WENDT LANE | 2025-06 | $790,000 | 1,593 | 27.6% |
| 58 VAN DUYNE AVE | 2025-11 | $250,000 | 1,526 | 39.4% |
| 27 GRANDVIEW DR | 2025-10 | $566,000 | 1,764 | 38.9% |
| 18 CHAPEL PLACE | 2025-10 | $590,000 | 1,650 | 28.2% |
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