The Fair Share Report

97 Hillcrest 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.

Step 1 · Market value

≈ $861,309

Likely range $672,898 – $904,360, 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 $861,309 home should be assessed near $308,521.

Step 3 · Assessed value

$251,000

Set at the last town-wide revaluation and mostly frozen since. That's $57,521 below what the ratio math suggests (18.6%).

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

$15,055/yr
Public schools$8,377
Passaic County$3,141
Town of Wayne$3,537
Wayne average$13,868

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

Town median 29.7%
This home · 29.1%

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
111 LAKE DR E2025-03$975,0002,29433.7%
33 KNOLL RD2025-03$922,0002,21830.6%
24 CASTLES DR2025-05$825,0001,87032.9%
16 MARLO RD2025-12$752,0002,02030.8%
77 GARSIDE AVE2026-04$740,0001,98027.3%
176 LAAUWE AVE2025-05$690,0001,98632.8%
169 HILLCREST DR2026-03$825,0002,41535.2%
287 LINDEN RD2025-11$1,050,0002,08427.9%
100 WILSON AVE2026-01$742,5002,16031.7%
64 MAGNOLIA PLACE2025-04$990,0002,37429.1%
70 WEINMANNS BLVD2026-03$760,0002,39437.9%
72 LENOX RD2026-05$1,031,0002,30428.7%

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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 →