The Fair Share Report
69 River 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 $541,648 – $699,415, 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 $644,720 home should be assessed near $230,939.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $134,439 below what the ratio math suggests (58.2%).
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
8%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 |
|---|---|---|---|---|
| 10 LAKE DR W | 2026-06 | $800,000 | 1,445 | 31.0% |
| 146 BEECHWOOD DR | 2025-08 | $730,000 | 1,423 | 28.0% |
| 197 OAKWOOD DR | 2025-08 | $710,000 | 1,652 | 30.2% |
| 217 ALPS RD | 2025-11 | $685,000 | 1,654 | 25.6% |
| 40 PROSPECT RD | 2025-10 | $620,000 | 1,600 | 25.6% |
| 154 CLAREMONT TERR | 2026-01 | $661,000 | 1,536 | 24.5% |
| 27 GRANDVIEW DR | 2025-10 | $566,000 | 1,764 | 38.9% |
| 202 NEWARK POMPTON TPKE | 2025-12 | $470,000 | 1,616 | 34.7% |
| 75 BARNSDALE RD | 2025-09 | $553,250 | 1,505 | 24.7% |
| 38 WOODLOT RD | 2026-01 | $685,000 | 1,550 | 21.5% |
| 278 FRENCH HILL RD | 2026-05 | $715,000 | 1,699 | 26.4% |
| 44 HILLCREST DR | 2025-09 | $635,000 | 1,414 | 32.0% |
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