The Fair Share Report
7 Shore 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 $329,035 – $444,260, from 12 comparable Wayne sales in the past 18 months, at this home's 774 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 $375,031 home should be assessed near $134,336.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,236 below what the ratio math suggests (25.5%).
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
17%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 |
|---|---|---|---|---|
| 15 SHORE RD | 2025-10 | $439,000 | 837 | 22.7% |
| 105 BEECH TERR | 2026-01 | $500,000 | 784 | 30.9% |
| 32 COTTONWOOD RD | 2026-04 | $450,000 | 784 | 35.7% |
| 208 FAYETTE AVE | 2025-03 | $215,000 | 891 | 37.4% |
| 33 SOUTH RD | 2025-05 | $400,000 | 1,012 | 27.8% |
| 31 POINT VIEW PARKWAY | 2026-02 | $450,000 | — | 31.8% |
| 720 BRITTANY DR | 2025-09 | $350,000 | 772 | 28.5% |
| 521 BRITTANY DR | 2025-07 | $345,000 | 772 | 28.9% |
| 901 BURGUNDY WAY | 2025-07 | $354,000 | 780 | 28.0% |
| 526 NEWARK POMPTON TPKE | 2025-02 | $470,000 | 970 | 28.2% |
| 119-123 FAYETTE AVE | 2025-05 | $425,000 | 660 | 21.6% |
| 4202 SCHINDLER LANE | 2025-08 | $280,000 | 804 | 39.8% |
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