The Fair Share Report

90 N 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

≈ $600,845

Likely range $436,063 – $705,263, 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 $600,845 home should be assessed near $215,223.

Step 3 · Assessed value

$112,000

Set at the last town-wide revaluation and mostly frozen since. That's $103,223 below what the ratio math suggests (48.0%).

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

$6,718/yr
Public schools$3,738
Passaic County$1,401
Town of Wayne$1,578
Wayne average$13,868

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

Town median 29.7%
This home · 18.6%

10%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)

AddressSoldPriceSq ftRatio
39 PARKSIDE COURT2025-03$475,0001,29137.9%
1 WILLS AVE2025-03$520,0001,26025.1%
812 BLACK OAK RIDGE RD2025-11$690,0001,24824.1%
96 LIONSHEAD DR E2026-06$655,0001,19727.3%
34 PARKSIDE COURT2026-06$470,0001,18728.0%
85 SHEFFIELD RD2025-10$805,0001,26422.4%
703 BRITTANY DR2026-03$486,0001,33128.9%
15 DALEWOOD RD2025-12$475,0001,26132.5%
44 CANTON RD2025-11$735,0001,27524.2%
3108 SCHINDLER LANE2026-05$450,0001,15432.0%
129 TERHUNE DR2025-05$425,0001,24034.9%
21 SANDRA LANE2025-02$630,0001,30028.5%

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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 →