The Fair Share Report
2 Gannet Ct
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 $605,000 – $690,865, from 12 comparable Wayne sales in the past 18 months, at this home's 1,932 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 $673,462 home should be assessed near $241,234.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,734 below what the ratio math suggests (17.3%).
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 |
|---|---|---|---|---|
| 55 BOBOLINK COURT | 2025-12 | $620,000 | 1,932 | 32.6% |
| 10 GANNET CT | 2026-06 | $700,000 | 1,920 | 30.5% |
| 11 BOBOLINK COURT | 2025-08 | $605,000 | 1,932 | 36.9% |
| 133 EASEDALE RD | 2026-02 | $690,000 | 1,948 | 31.8% |
| 19 MORNING WATCH RD | 2026-03 | $727,000 | 2,075 | 28.4% |
| 26 EIDER CT | 2026-02 | $715,000 | 2,075 | 31.8% |
| 32 GREENUP CT | 2025-10 | $690,000 | 1,906 | 31.6% |
| 211 WARBLER DR | 2026-04 | $742,000 | 2,075 | 28.7% |
| 111 WARBLER DR | 2025-07 | $755,001 | 2,010 | 31.6% |
| 95 WARBLER DR | 2025-02 | $580,000 | 2,010 | 39.3% |
| 107 WARBLER DR | 2025-04 | $701,000 | 2,011 | 29.9% |
| 8028 BRITTANY DR | 2025-04 | $527,500 | 1,804 | 36.6% |
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