The Fair Share Report
103 Ryerson Ave
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 $533,085 – $691,870, 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 $606,667 home should be assessed near $217,308.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,108 below what the ratio math suggests (48.4%).
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
11%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1347 ALPS RD | 2025-08 | $435,000 | 1,584 | 43.8% |
| 1 WILLS AVE | 2025-03 | $520,000 | 1,260 | 25.1% |
| 42 CECILIA DR | 2025-08 | $690,000 | 1,506 | 32.2% |
| 26 BRANDYWINE RD | 2025-07 | $750,000 | 1,430 | 15.3% |
| 42 DEERFIELD RD | 2025-06 | $660,000 | 1,459 | 27.4% |
| 44 CEDAR PLACE | 2025-04 | $728,000 | 1,664 | 29.1% |
| 651 ALPS RD | 2025-06 | $592,000 | 1,514 | 30.6% |
| 16 DALEWOOD RD | 2025-10 | $585,000 | 1,589 | 29.4% |
| 62 ELMWOOD TERR | 2026-01 | $580,000 | 1,438 | 35.4% |
| 10 LAKE DR W | 2026-06 | $800,000 | 1,445 | 31.0% |
| 58 VAN DUYNE AVE | 2025-11 | $250,000 | 1,526 | 39.4% |
| 60 HILLSIDE TERR | 2025-11 | $660,000 | 1,584 | 33.3% |
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