The Fair Share Report
21 Mountainside 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 $625,486 – $925,859, 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 $831,563 home should be assessed near $297,866.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,066 below what the ratio math suggests (8.1%).
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%49%
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% |
| 19 MOUNTAIN RIDGE DR | 2025-08 | $885,000 | 2,319 | 29.2% |
| 48 ALPS RD | 2026-01 | $640,000 | 2,375 | 33.4% |
| 4 LENAPE TRAIL | 2025-09 | $650,000 | 2,312 | 33.5% |
| 1666 HAMBURG TPKE | 2025-08 | $480,000 | 2,358 | 53.5% |
| 99 CHESTNUT DR | 2025-07 | $807,000 | 2,016 | 28.1% |
| 18 SOUTH RD | 2026-05 | $650,000 | 2,275 | 26.1% |
| 40 LAKE DR E | 2025-09 | $816,000 | 2,258 | 28.4% |
| 111 LAKE DR E | 2025-03 | $975,000 | 2,294 | 33.7% |
| 70 WEINMANNS BLVD | 2026-03 | $760,000 | 2,394 | 37.9% |
| 97 GREEN KNOLLS DR | 2025-09 | $900,000 | 2,336 | 27.1% |
| 789 BLACK OAK RIDGE RD | 2024-12 | $660,000 | 2,322 | 28.6% |
Is this your house?
Run your own report →