The Fair Share Report

9 Skyview 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

≈ $1,030,017

Likely range $736,453 – $1,137,694, from 12 comparable Wayne sales in the past 18 months, at this home's 2,938 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 $1,030,017 home should be assessed near $368,952.

Step 3 · Assessed value

$348,700

Set at the last town-wide revaluation and mostly frozen since. That's $20,252 below what the ratio math suggests (5.5%).

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

$20,915/yr
Public schools$11,638
Passaic County$4,363
Town of Wayne$4,914
Wayne average$13,868

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

Town median 29.7%
This home · 33.9%

19%53%

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
50 ATHERTON CT2025-01$1,050,0002,99533.6%
33 GATES PLACE2025-10$1,135,0003,04534.2%
801 FOUR SEASONS DR2025-12$530,00031.2%
6 DIANE CT2026-06$1,170,0002,92428.8%
13 STONE HILL RD2025-11$1,300,0003,32228.0%
1360 HAMBURG TPKE2025-07$520,0002,75531.3%
4 BITOLA DR2025-06$972,0003,08234.5%
1360 HAMBURG TPKE2026-03$685,0002,74825.2%
89 PANCAKE HOLLOW DR2025-10$1,250,0003,38529.3%
15 COLONA RD2025-08$1,525,0003,16424.1%
153 CHOPIN DR2025-04$999,0003,32138.6%
67 WESTVIEW RD2025-12$915,0003,47641.0%

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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 →