The Fair Share Report
488 Riverside 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 $552,411 – $694,587, 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 $636,664 home should be assessed near $228,053.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $143,753 below what the ratio math suggests (63.0%).
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
7%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 |
|---|---|---|---|---|
| 91 BEECHWOOD DR | 2026-05 | $767,500 | 1,320 | 25.0% |
| 20 FERN RIVER AVE | 2025-04 | $425,000 | 1,320 | 24.1% |
| 35 LENAPE TRAIL | 2025-06 | $560,000 | 1,287 | 27.8% |
| 29 OLDHAM RD | 2025-08 | $480,000 | 1,412 | 27.9% |
| 219 LINDEN RD | 2026-04 | $767,000 | 1,322 | 26.1% |
| 104 OLDHAM RD | 2025-08 | $530,000 | 1,373 | 26.0% |
| 5 SUNSET TERR | 2025-11 | $640,000 | 1,273 | 29.5% |
| 2 WHITE OAK LANE | 2026-05 | $720,000 | 1,382 | 23.9% |
| 63 CHESTNUT DR | 2026-05 | $570,000 | 1,300 | 33.3% |
| 38 LAUREL DR | 2025-05 | $735,000 | 1,432 | 22.9% |
| 177 CHESTNUT DR | 2026-04 | $722,000 | 1,234 | 24.2% |
| 16 HILLSIDE TERR | 2026-05 | $650,000 | 1,446 | 28.3% |
Is this your house?
Run your own report →