The Fair Share Report
44 Ridge Pl
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 $724,474 – $822,011, from 12 comparable Wayne sales in the past 18 months, at this home's 1,852 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 $763,047 home should be assessed near $273,323.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $77,123 below what the ratio math suggests (28.2%).
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
18%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 |
|---|---|---|---|---|
| 10 HILLTOP TERR | 2025-10 | $725,000 | 1,847 | 31.8% |
| 15 SUNRISE DR | 2025-02 | $710,000 | 1,815 | 35.8% |
| 116 CAROL PLACE | 2026-06 | $950,000 | 1,848 | 22.4% |
| 3 LYLE AVE | 2025-01 | $815,000 | 1,786 | 28.4% |
| 45 INDIAN RD | 2026-02 | $775,000 | 1,874 | 25.1% |
| 40 BRAEMAR DR | 2025-09 | $878,000 | 1,898 | 28.3% |
| 5 BURNSIDE PLACE | 2026-06 | $635,000 | 1,888 | 34.2% |
| 32 AUGUSTA DR | 2026-03 | $780,000 | 1,832 | 27.1% |
| 34 BERRY DR | 2025-11 | $709,000 | 1,852 | 30.4% |
| 11 KIMBERLY PLACE | 2026-02 | $759,900 | 1,908 | 29.4% |
| 35 MEDFORD PLACE | 2025-11 | $735,000 | 1,898 | 37.3% |
| 60 FURMAN DR | 2025-08 | $782,000 | 1,898 | 30.8% |
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