The Fair Share Report
90 Chestnut 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $705,140 – $862,053, 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 $824,045 home should be assessed near $295,173.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,873 below what the ratio math suggests (12.5%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 26 AUDUBON PKWY | 2025-10 | $625,000 | 2,314 | 27.4% |
| 26 GIANNONE RD | 2025-10 | $770,000 | 2,172 | 28.7% |
| 16 HIGHLAND TERR | 2025-10 | $887,030 | 2,316 | 32.4% |
| 27 COLVILLE RD | 2026-01 | $689,000 | 2,186 | 27.4% |
| 174 HILLCREST DR | 2026-03 | $760,000 | 2,136 | 28.8% |
| 37 HAMILTON AVE | 2025-05 | $950,000 | 2,576 | 31.1% |
| 8 AMBOY RD | 2026-06 | $920,000 | 2,287 | 25.1% |
| 38 STIRLING LANE | 2025-12 | $865,000 | 2,326 | 33.1% |
| 109 CAROL PLACE | 2025-07 | $650,000 | 2,200 | 34.5% |
| 19 HOLYOKE RD | 2025-11 | $815,000 | 2,284 | 34.0% |
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