The Fair Share Report
57 Sheffield Rd
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 $963,325 – $1,250,902, from 12 comparable Wayne sales in the past 18 months, at this home's 3,293 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 $1,007,957 home should be assessed near $361,050.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,250 below what the ratio math suggests (28.9%).
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
15%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 |
|---|---|---|---|---|
| 17 TALL OAKS DR | 2025-06 | $900,000 | 3,284 | 34.7% |
| 187 HILLCREST DR | 2026-01 | $1,200,000 | 3,159 | 32.3% |
| 149 OLDHAM RD | 2026-02 | $890,000 | 3,446 | 34.0% |
| 23 PERRIN DR | 2025-11 | $1,450,000 | 3,305 | 23.8% |
| 822 VALLEY RD | 2025-01 | $1,180,000 | 3,542 | 24.2% |
| 85 MOUNTAIN RIDGE DR | 2025-10 | $1,500,000 | 3,536 | 23.3% |
| 6 KIPP CT | 2025-09 | $980,000 | 3,350 | 33.0% |
| 62 WILSON AVE | 2025-05 | $1,065,000 | 3,044 | 31.4% |
| 115 WEBSTER DR | 2025-09 | $999,999 | 3,380 | 32.1% |
| 78 WEINMANNS BLVD | 2025-07 | $860,000 | 2,917 | 30.5% |
| 45 KIME AVE | 2026-06 | $999,000 | 3,158 | 29.9% |
| 83 MAPLE AVE | 2025-06 | $1,090,850 | 2,645 | 27.8% |
Is this your house?
Run your own report →