The Fair Share Report
717 Berdan Ave
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 $446,049 – $672,537, 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 $525,692 home should be assessed near $188,303.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,403 below what the ratio math suggests (25.7%).
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%
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 |
|---|---|---|---|---|
| KNOX TERRACE | 2025-09 | $15,000 | — | 24.7% |
| 711 INDIAN RD | 2025-02 | $536,000 | 1,196 | 44.4% |
| 1147B VALLEY RD | 2025-01 | $345,000 | 1,080 | 30.4% |
| 812 BLACK OAK RIDGE RD | 2025-11 | $690,000 | 1,248 | 24.1% |
| 85 SHEFFIELD RD | 2025-10 | $805,000 | 1,264 | 22.4% |
| 96 LIONSHEAD DR E | 2026-06 | $655,000 | 1,197 | 27.3% |
| 1087 RATZER RD | 2025-09 | $635,000 | 1,320 | 29.0% |
| 281 NEWARK POMPTON TPKE | 2025-05 | $490,000 | 1,300 | 36.8% |
| 50-1B KNOX TERRACE | 2025-12 | $370,000 | 900 | 28.1% |
| 1148-2A VALLEY RD | 2025-08 | $355,000 | 900 | 29.3% |
| 25-1A HINCHMAN AVE | 2026-06 | $379,900 | 889 | 26.7% |
| 26 BRANDYWINE RD | 2025-07 | $750,000 | 1,430 | 15.3% |
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