The Fair Share Report
17 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 $445,451 – $582,124, 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 $527,175 home should be assessed near $188,834.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $89,734 below what the ratio math suggests (47.5%).
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 |
|---|---|---|---|---|
| 2 CROW TRAIL | 2025-06 | $527,000 | 1,080 | 25.4% |
| 8 CAYUGA TRAIL | 2025-01 | $535,000 | 1,016 | 25.3% |
| 10 LAKE TRAIL E | 2026-06 | $550,000 | 1,116 | 25.4% |
| 33 SOUTH RD | 2025-05 | $400,000 | 1,012 | 27.8% |
| 37 SOUTH RD | 2026-06 | $510,000 | 1,334 | 21.3% |
| 28 NEW ST | 2025-05 | $600,000 | 1,120 | 20.9% |
| 526 NEWARK POMPTON TPKE | 2025-02 | $470,000 | 970 | 28.2% |
| 177 CHESTNUT DR | 2026-04 | $722,000 | 1,234 | 24.2% |
| 15 SHORE RD | 2025-10 | $439,000 | 837 | 22.7% |
| 31 ST MORITZ PLACE | 2025-10 | $320,000 | 1,012 | 36.5% |
| 1 SHORE RD | 2025-01 | $604,000 | 1,372 | 21.7% |
| 19 PINECREST TERR | 2026-03 | $570,000 | 1,252 | 25.3% |
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