The Fair Share Report

94 Garside Ave

Wayne, NJ 07512

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

≈ $530,622

Likely range $446,277 – $647,886, from 12 comparable Wayne sales in the past 18 months, at this home's 1,184 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 $530,622 home should be assessed near $190,069.

Step 3 · Assessed value

$219,200

Set at the last town-wide revaluation and mostly frozen since. That's $29,131 above what the ratio math suggests (15.3%).

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

$13,148/yr
Public schools$7,316
Passaic County$2,743
Town of Wayne$3,089
Wayne average$13,868

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

Town median 29.7%
This home · 41.3%

19%55%

A touch high — worth watching

This home's ratio sits above most of Wayne, but doesn't clear NJ's legal appeal line (41.19%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
711 INDIAN RD2025-02$536,0001,19644.4%
1 WILLS AVE2025-03$520,0001,26025.1%
281 NEWARK POMPTON TPKE2025-05$490,0001,30036.8%
1147B VALLEY RD2025-01$345,0001,08030.4%
85 SHEFFIELD RD2025-10$805,0001,26422.4%
812 BLACK OAK RIDGE RD2025-11$690,0001,24824.1%
476 TERHUNE DR2025-11$620,0001,65628.6%
34 PARKSIDE COURT2026-06$470,0001,18728.0%
15 DALEWOOD RD2025-12$475,0001,26132.5%
111 WEINMANNS BLVD2025-08$550,0001,10233.0%
94 MAC DONALD DR2026-06$620,0001,12729.4%
3108 SCHINDLER LANE2026-05$450,0001,15432.0%

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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 →