The Fair Share Report
15 Arbor 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 $521,193 – $676,953, 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 $577,830 home should be assessed near $206,979.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,279 below what the ratio math suggests (42.2%).
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
12%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 |
|---|---|---|---|---|
| 177 CHESTNUT DR | 2026-04 | $722,000 | 1,234 | 24.2% |
| 35 LENAPE TRAIL | 2025-06 | $560,000 | 1,287 | 27.8% |
| 91 BEECHWOOD DR | 2026-05 | $767,500 | 1,320 | 25.0% |
| 19 PINECREST TERR | 2026-03 | $570,000 | 1,252 | 25.3% |
| 5 SUNSET TERR | 2025-11 | $640,000 | 1,273 | 29.5% |
| 20 FERN RIVER AVE | 2025-04 | $425,000 | 1,320 | 24.1% |
| 53 LAUREL DR | 2025-02 | $565,000 | 1,230 | 26.9% |
| 28 NEW ST | 2025-05 | $600,000 | 1,120 | 20.9% |
| 63 CHESTNUT DR | 2026-05 | $570,000 | 1,300 | 33.3% |
| 10 LAKE TRAIL E | 2026-06 | $550,000 | 1,116 | 25.4% |
| 34 OAKWOOD DR | 2025-03 | $620,000 | 1,248 | 31.0% |
| 219 LINDEN RD | 2026-04 | $767,000 | 1,322 | 26.1% |
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