The Fair Share Report
23 River Rd
Wayne, NJ 07047
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 $268,653 – $302,758, from 12 comparable Wayne sales in the past 18 months, at this home's 667 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 $295,623 home should be assessed near $105,892.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,992 below what the ratio math suggests (54.8%).
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
10%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 |
|---|---|---|---|---|
| 29-1B KNOX TERRACE | 2026-05 | $325,000 | 707 | 23.2% |
| 27-1D HINCHMAN AVE | 2025-06 | $335,000 | 707 | 22.5% |
| 29-2D KNOX TERRACE | 2025-04 | $317,000 | 707 | 23.8% |
| 28-2B KNOX TERRACE | 2025-01 | $320,000 | 707 | 23.6% |
| 413 BRITTANY DR | 2025-04 | $325,000 | 716 | 29.6% |
| 1150-1B VALLEY RD | 2026-04 | $325,000 | 720 | 23.4% |
| 1120-1B VALLEY RD | 2026-02 | $290,000 | 720 | 26.2% |
| 1124-1B VALLEY RD | 2026-01 | $285,000 | 720 | 26.7% |
| 1132-1A VALLEY RD | 2025-12 | $280,000 | 720 | 27.1% |
| 43-2B KNOX TERRACE | 2025-11 | $290,000 | 720 | 26.2% |
| 66-1B KNOX TERRACE | 2025-08 | $300,000 | 720 | 25.3% |
| 68-1A KNOX TERRACE | 2025-05 | $296,000 | 720 | 27.1% |
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