The Fair Share Report

9 Donald Ct

Wayne, NJ 07005

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

≈ $771,596

Likely range $721,087 – $880,363, from 12 comparable Wayne sales in the past 18 months (home size estimated from assessor data — range widened).

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 $771,596 home should be assessed near $276,386.

Step 3 · Assessed value

$227,000

Set at the last town-wide revaluation and mostly frozen since. That's $49,386 below what the ratio math suggests (17.9%).

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

$13,615/yr
Public schools$7,576
Passaic County$2,840
Town of Wayne$3,199
Wayne average$13,868

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

Town median 29.7%
This home · 29.4%

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
26 GREENRALE AVE2026-04$782,0001,87928.2%
32 AUGUSTA DR2026-03$780,0001,83227.1%
116 CAROL PLACE2026-06$950,0001,84822.4%
15 COVENTRY RD2025-08$749,0001,89830.2%
35 MEDFORD PLACE2025-11$735,0001,89837.3%
60 FURMAN DR2025-08$782,0001,89830.8%
51 CARLISLE RD2026-03$840,0001,79426.8%
40 BRAEMAR DR2025-09$878,0001,89828.3%
40 MONTEREY DR2025-05$870,0001,93224.1%
11 KIMBERLY PLACE2026-02$759,9001,90829.4%
7 KNIGHT RD2025-07$855,0001,88225.1%
18 CHANDLER DR2025-05$687,0001,85638.1%

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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 →