The Fair Share Report
62 Cedarcliffe 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 $530,577 – $615,775, from 12 comparable Wayne sales in the past 18 months, at this home's 1,068 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 $587,542 home should be assessed near $210,458.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,458 below what the ratio math suggests (17.8%).
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
19%47%
Paying about right
This home's ratio lands inside Wayne's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 26 GRAHAM AVE | 2025-07 | $625,000 | 1,084 | 27.1% |
| 11 RAYS CT | 2025-04 | $615,000 | 1,004 | 24.6% |
| 34 OAKWOOD DR | 2025-03 | $620,000 | 1,248 | 31.0% |
| 1147B VALLEY RD | 2025-01 | $345,000 | 1,080 | 30.4% |
| 30 SUNSET TERR | 2025-08 | $350,000 | 1,106 | 54.8% |
| 82 MICHAEL DR | 2025-11 | $597,000 | 1,104 | 31.4% |
| 104 LIONSHEAD DR E | 2025-07 | $649,910 | 1,126 | 26.2% |
| 55 VALLEY VIEW TERR | 2025-09 | $702,000 | 1,238 | 27.9% |
| 94 MAC DONALD DR | 2026-06 | $620,000 | 1,127 | 29.4% |
| 28 NEW ST | 2025-05 | $600,000 | 1,120 | 20.9% |
| 15 JUDITH PLACE | 2025-04 | $718,000 | 1,302 | 24.6% |
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
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