The Fair Share Report
7 Gressinger 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 $843,175 – $1,086,319, 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 $988,412 home should be assessed near $354,049.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,649 below what the ratio math suggests (18.8%).
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 |
|---|---|---|---|---|
| 20 ERLI ST | 2026-06 | $950,000 | 2,676 | 31.0% |
| 23 ERLI ST | 2026-06 | $1,500,000 | 2,627 | 21.4% |
| 69 NORMANDY DR | 2025-12 | $710,000 | 2,606 | 35.0% |
| 6 WEBSTER DR | 2025-09 | $999,000 | 2,577 | 24.4% |
| 27 BRISTOL PLACE | 2025-07 | $990,000 | 2,609 | 29.4% |
| 32 SEARS PLACE | 2025-05 | $840,000 | 2,582 | 31.6% |
| 418 PINES LAKE DR E | 2026-03 | $913,000 | 2,747 | 29.6% |
| 14 WITKOWSKI WAY | 2025-05 | $730,000 | 2,530 | 39.8% |
| 119 PLEASANT VW DR | 2025-10 | $865,000 | 2,646 | 34.1% |
| 2 STRATTON DR | 2025-07 | $1,075,000 | 2,708 | 27.6% |
| 4 CORVAIR PLACE | 2025-09 | $815,000 | 2,872 | 32.4% |
| 119 HERRICK RD | 2026-05 | $999,000 | 2,426 | 28.5% |
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