The Fair Share Report
511 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 $440,029 – $693,996, 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 $569,593 home should be assessed near $204,028.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,228 below what the ratio math suggests (58.9%).
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 |
|---|---|---|---|---|
| 24 LAKE TRAIL E | 2025-06 | $625,000 | 1,286 | 23.9% |
| 53 LAUREL DR | 2025-02 | $565,000 | 1,230 | 26.9% |
| 129 TERHUNE DR | 2025-05 | $425,000 | 1,240 | 34.9% |
| 34 OAKWOOD DR | 2025-03 | $620,000 | 1,248 | 31.0% |
| 10 LAKE DR W | 2026-06 | $800,000 | 1,445 | 31.0% |
| 55 VALLEY VIEW TERR | 2025-09 | $702,000 | 1,238 | 27.9% |
| 15 DALEWOOD RD | 2025-12 | $475,000 | 1,261 | 32.5% |
| 22 WOODLOT RD | 2026-04 | $711,111 | 1,320 | 20.6% |
| 15 JUDITH PLACE | 2025-04 | $718,000 | 1,302 | 24.6% |
| 35 LENAPE TRAIL | 2025-06 | $560,000 | 1,287 | 27.8% |
| 30 SUNSET TERR | 2025-08 | $350,000 | 1,106 | 54.8% |
| 146 BEECHWOOD DR | 2025-08 | $730,000 | 1,423 | 28.0% |
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