The Fair Share Report
507 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 $513,630 – $743,791, 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 $651,808 home should be assessed near $233,478.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $138,078 below what the ratio math suggests (59.1%).
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
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 |
|---|---|---|---|---|
| 15 DALEWOOD RD | 2025-12 | $475,000 | 1,261 | 32.5% |
| 22 WOODLOT RD | 2026-04 | $711,111 | 1,320 | 20.6% |
| 21 ROLLING HILLS DR | 2025-04 | $700,000 | 1,361 | 28.2% |
| 62 ELMWOOD TERR | 2026-01 | $580,000 | 1,438 | 35.4% |
| 28 ANN ST | 2026-06 | $250,000 | 1,392 | 47.8% |
| 24 SANDRA LANE | 2025-05 | $680,000 | 1,300 | 27.5% |
| 44 CANTON RD | 2025-11 | $735,000 | 1,275 | 24.2% |
| 21 SANDRA LANE | 2025-02 | $630,000 | 1,300 | 28.5% |
| 375 ALPS RD | 2025-03 | $610,000 | 1,420 | 29.8% |
| 42 DEERFIELD RD | 2025-06 | $660,000 | 1,459 | 27.4% |
| 15 JUDITH PLACE | 2025-04 | $718,000 | 1,302 | 24.6% |
| 55 VALLEY VIEW TERR | 2025-09 | $702,000 | 1,238 | 27.9% |
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