The Fair Share Report
66 Ridge Pl
Wayne, NJ 07470
The town catches up with market prices only once a year — and only based on the average change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Wayne's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $688,441 – $834,660, 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 $744,370 home should be assessed near $266,633.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,233 below what the ratio math suggests (18.1%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $5.884 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
19%47%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 11 KING COURT | 2025-01 | $830,000 | 2,077 | 26.2% |
| 25 FERNDALE RD | 2025-09 | $785,000 | 1,894 | 23.7% |
| 362 VALLEY RD | 2025-10 | $685,000 | 1,934 | 26.6% |
| 20 PITMAN PLACE | 2025-12 | $745,000 | 2,078 | 34.7% |
| 28 AUGUSTA DR | 2025-04 | $815,000 | 2,032 | 31.2% |
| 8 THOMAS TERR | 2025-07 | $730,000 | 1,730 | 28.9% |
| 30 SINCLAIR DR | 2025-10 | $749,000 | 2,176 | 30.9% |
| 27 COLVILLE RD | 2026-01 | $689,000 | 2,186 | 27.4% |
| 3 CLIFFORD DR | 2025-05 | $750,000 | 2,034 | 25.9% |
| 40 MONTEREY DR | 2025-05 | $870,000 | 1,932 | 24.1% |
| 16 ATWOOD PLACE | 2025-09 | $729,000 | 1,992 | 31.2% |
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