The Fair Share Report
96 Park Ln
Wayne, NJ 07470
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $652,832 – $842,380, 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 $709,189 home should be assessed near $254,031.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $99,631 below what the ratio math suggests (39.2%).
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
13%47%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 122 BALSAM RD | 2025-09 | $726,000 | 1,791 | 29.6% |
| 30 ALPINE DR | 2025-11 | $770,000 | 1,798 | 35.1% |
| 267 CHURCH LANE | 2025-10 | $650,000 | 1,736 | 27.5% |
| 429 PINES LAKE DR E | 2025-04 | $700,000 | 1,752 | 30.5% |
| 48 DEERFIELD RD | 2026-04 | $832,000 | 1,813 | 27.2% |
| 31 GARFIELD RD | 2025-11 | $780,000 | 1,775 | 27.1% |
| 11 ELLA LANE | 2025-10 | $680,000 | 1,728 | 29.4% |
| 7 MELANIE LANE | 2025-06 | $800,000 | 1,718 | 26.8% |
| 37 DEERFIELD RD | 2025-09 | $630,000 | 1,729 | 29.1% |
| 34 BERRY DR | 2025-11 | $709,000 | 1,852 | 30.4% |
| 30 PERRIN DR | 2026-05 | $660,000 | 1,736 | 28.9% |
| 1006 BLACK OAK RIDGE RD | 2026-06 | $660,000 | 1,786 | 24.8% |
Is this your house?
Run your own report →