The Fair Share Report
31 Stratton 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.
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Step 1 · Market value
Likely range $1,075,969 – $1,429,335, 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 $1,259,770 home should be assessed near $451,250.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,350 below what the ratio math suggests (6.1%).
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%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 |
|---|---|---|---|---|
| 14 STRATTON DR | 2025-10 | $1,530,000 | 3,543 | 26.7% |
| 801 FOUR SEASONS DR | 2025-12 | $530,000 | — | 31.2% |
| 89 PANCAKE HOLLOW DR | 2025-10 | $1,250,000 | 3,385 | 29.3% |
| 13 STONE HILL RD | 2025-11 | $1,300,000 | 3,322 | 28.0% |
| 26 STRATTON DR | 2026-01 | $1,400,000 | 3,543 | 29.6% |
| 67 WESTVIEW RD | 2025-12 | $915,000 | 3,476 | 41.0% |
| 16 SHADOW RIDGE RD | 2025-11 | $1,350,000 | 3,968 | 32.5% |
| 12 WOODLAND CT | 2025-08 | $1,417,000 | 3,717 | 28.2% |
| 16 VIZCAYA COURT | 2025-09 | $1,125,000 | 3,962 | 40.7% |
| 3 ARMSTRONG AVE | 2025-06 | $1,200,000 | 3,393 | 27.3% |
| 106 PANCAKE HOLLOW DR | 2025-10 | $1,130,000 | 3,612 | 38.8% |
| 18 DANIELLE DR | 2025-10 | $1,300,000 | 3,536 | 27.9% |
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