The Fair Share Report
99 Chestnut 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $728,546 – $809,597, from 12 comparable Wayne sales in the past 18 months, at this home's 2,016 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 $753,455 home should be assessed near $269,888.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,888 below what the ratio math suggests (15.9%).
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
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 |
|---|---|---|---|---|
| 47 SUNSET TERR | 2025-07 | $889,000 | 2,190 | 28.2% |
| 47 SENECA TRAIL | 2025-06 | $835,000 | 1,969 | 25.2% |
| 4 CHARLOTTE TERR | 2025-03 | $770,000 | 2,008 | 29.3% |
| 100 WILSON AVE | 2026-01 | $742,500 | 2,160 | 31.7% |
| 77 GARSIDE AVE | 2026-04 | $740,000 | 1,980 | 27.3% |
| 8 WEDGEWOOD DR | 2026-06 | $780,000 | 2,044 | 28.8% |
| 79 LIONSHEAD DR W | 2025-12 | $735,000 | 2,006 | 28.8% |
| 18 BREEN TERR | 2025-07 | $861,000 | 2,144 | 31.2% |
| 18 SOUTH RD | 2026-05 | $650,000 | 2,275 | 26.1% |
| 12 KINGSTON RD | 2026-02 | $750,000 | 2,032 | 27.8% |
| 134 OAKWOOD DR | 2026-01 | $555,000 | 1,927 | 35.2% |
| 40 LAKE DR E | 2025-09 | $816,000 | 2,258 | 28.4% |
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