The Fair Share Report

90 Benson Dr

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

≈ $793,305

Likely range $733,076 – $896,633, 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 $793,305 home should be assessed near $284,162.

Step 3 · Assessed value

$270,500

Set at the last town-wide revaluation and mostly frozen since. That's $13,662 below what the ratio math suggests (4.8%).

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

$16,225/yr
Public schools$9,028
Passaic County$3,385
Town of Wayne$3,812
Wayne average$13,868

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

Town median 29.7%
This home · 34.1%

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
4 PINETREE DR2025-06$915,0002,29633.8%
16 BALDWIN TERR2025-09$869,0002,15429.8%
35 DARLINGTON DR2026-04$940,0002,24525.9%
63 ELERON PLACE2026-01$800,0002,16631.3%
444 BLACK OAK RIDGE RD2025-09$777,0002,00329.3%
444 BLACK OAK RIDGE RD2025-03$497,5002,00345.8%
30 SINCLAIR DR2025-10$749,0002,17630.9%
139 WEBSTER DR2026-03$762,0002,37134.8%
66 LEONARD TERR2026-01$757,0002,20230.0%
80 PALMER DR2025-03$815,0002,31229.4%
15 PHYLLIS COURT2025-09$875,0002,41931.2%
41 TOWSEN RD2026-04$885,0002,14429.9%

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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 →