The Fair Share Report
157 Rock 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 $616,331 – $693,192, from 12 comparable Wayne sales in the past 18 months, at this home's 1,984 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 $656,432 home should be assessed near $235,134.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,834 below what the ratio math suggests (14.4%).
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
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 |
|---|---|---|---|---|
| 6 MICHELINE CT | 2025-12 | $710,000 | 1,984 | 30.1% |
| 71 BUTTERNUT DR | 2025-08 | $522,000 | 1,900 | 37.8% |
| 11 BOBOLINK COURT | 2025-08 | $605,000 | 1,932 | 36.9% |
| 59 SUMMER HILL RD | 2025-07 | $690,000 | 2,114 | 32.8% |
| 12 HADLEY LANE | 2026-03 | $675,000 | 2,012 | 38.7% |
| 157 WORCESTER DR | 2025-01 | $680,000 | 2,012 | 33.4% |
| 10 GANNET CT | 2026-06 | $700,000 | 1,920 | 30.5% |
| 10 GREENUP CT | 2026-02 | $625,000 | 1,889 | 33.4% |
| 8616 BRITTANY DR | 2026-04 | $600,000 | 1,804 | 31.3% |
| 31 GANNET CT | 2026-04 | $775,000 | 2,075 | 27.8% |
| 28 EASEDALE RD | 2026-02 | $585,000 | 1,889 | 35.4% |
| 28 GREENUP CT | 2025-10 | $660,000 | 1,889 | 30.7% |
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