The Fair Share Report
987 Valley 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $839,020 – $1,006,034, from 12 comparable Wayne sales in the past 18 months, at this home's 2,598 sq ft.
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 $879,768 home should be assessed near $315,133.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $567 above what the ratio math suggests (0.2%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $5.919 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 801 FOUR SEASONS DR | 2025-12 | $530,000 | — | 31.2% |
| 16 MOUNTAIN RD | 2025-04 | $999,999 | 2,585 | 25.6% |
| 16 MOUNTAIN RD | 2025-01 | $995,000 | 2,585 | 25.7% |
| 1360 HAMBURG TPKE | 2025-05 | $440,000 | 2,600 | 35.6% |
| 9 GATES PLACE | 2025-11 | $1,100,000 | 2,756 | 30.9% |
| 6 FOX HILL DRIVE | 2025-12 | $1,092,000 | 2,820 | 30.6% |
| 285 LEVINBERG LANE | 2025-11 | $795,000 | 2,389 | 31.8% |
| 252 LEVINBERG LANE | 2025-10 | $725,000 | 2,389 | 34.8% |
| 238 LEVINBERG LANE | 2025-02 | $805,000 | 2,389 | 31.4% |
| 10 QUINCY CT | 2025-06 | $881,800 | 2,604 | 38.0% |
| 70 VERKADE DR | 2025-06 | $1,200,000 | 2,693 | 27.3% |
| 60 TOMS LAKE RD | 2025-09 | $850,000 | 2,632 | 28.9% |
Is this your house?
Run your own report →