The Fair Share Report
9 Cherry Way
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 $712,268 – $879,685, 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 $816,415 home should be assessed near $292,440.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,740 below what the ratio math suggests (37.9%).
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
15%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 |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 24 CASTLES DR | 2025-05 | $825,000 | 1,870 | 32.9% |
| 176 LAAUWE AVE | 2025-05 | $690,000 | 1,986 | 32.8% |
| 16 MARLO RD | 2025-12 | $752,000 | 2,020 | 30.8% |
| 62 ALPINE DR | 2026-06 | $825,000 | 1,909 | 31.2% |
| 33 KNOLL RD | 2025-03 | $922,000 | 2,218 | 30.6% |
| 77 GARSIDE AVE | 2026-04 | $740,000 | 1,980 | 27.3% |
| 40 NEWARK AVE | 2025-11 | $690,000 | 1,836 | 26.6% |
| 47 SENECA TRAIL | 2025-06 | $835,000 | 1,969 | 25.2% |
| 951 BERDAN AVE | 2026-02 | $732,500 | 2,190 | 33.9% |
| 287 LINDEN RD | 2025-11 | $1,050,000 | 2,084 | 27.9% |
| 34 CHOPIN DR | 2025-10 | $921,500 | 1,800 | 25.6% |
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