The Fair Share Report

941 Ratzer Rd

Wayne, NJ 07511

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

≈ $570,867

Likely range $546,889 – $609,052, 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 $570,867 home should be assessed near $204,485.

Step 3 · Assessed value

$169,500

Set at the last town-wide revaluation and mostly frozen since. That's $34,985 below what the ratio math suggests (17.1%).

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

$10,167/yr
Public schools$5,657
Passaic County$2,121
Town of Wayne$2,389
Wayne average$13,868

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

Town median 29.7%
This home · 29.7%

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
8005 BRITTANY DR2026-04$570,0001,80433.9%
8015 BRITTANY DR2026-03$565,0001,80433.2%
801 FOUR SEASONS DR2025-12$530,00031.2%
8616 BRITTANY DR2026-04$600,0001,80431.3%
8028 BRITTANY DR2025-04$527,5001,80436.6%
8307 BRITTANY DR2025-02$555,0001,80432.2%
8026 BRITTANY DR2025-05$523,0001,62836.9%
8012 BRITTANY DR2025-03$490,0001,62837.3%
1106 FOUR SEASONS DR2025-08$573,0001,62929.2%
1015 FOUR SEASONS DR2025-04$551,0151,62930.4%
407 FOUR SEASONS DR2025-02$564,0001,62929.5%
714 FOUR SEASONS DR2026-02$530,0001,62629.0%

Is this your house?

Run your own report →

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 →