The Fair Share Report
103 Alps 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 $667,056 – $734,494, 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 $695,024 home should be assessed near $248,958.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,758 below what the ratio math suggests (26.8%).
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%
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 |
|---|---|---|---|---|
| 44 CEDAR PLACE | 2025-04 | $728,000 | 1,664 | 29.1% |
| 217 ALPS RD | 2025-11 | $685,000 | 1,654 | 25.6% |
| 278 FRENCH HILL RD | 2026-05 | $715,000 | 1,699 | 26.4% |
| 197 OAKWOOD DR | 2025-08 | $710,000 | 1,652 | 30.2% |
| 27 GRANDVIEW DR | 2025-10 | $566,000 | 1,764 | 38.9% |
| 10 LAKE DR W | 2026-06 | $800,000 | 1,445 | 31.0% |
| 18 CHAPEL PLACE | 2025-10 | $590,000 | 1,650 | 28.2% |
| 60 HILLSIDE TERR | 2025-11 | $660,000 | 1,584 | 33.3% |
| 33 EVELYN TERR | 2025-07 | $690,000 | 1,697 | 30.5% |
| 10 RUTGERS COURT | 2025-10 | $690,000 | 1,648 | 30.2% |
| 267 CHURCH LANE | 2025-10 | $650,000 | 1,736 | 27.5% |
| 122 BALSAM RD | 2025-09 | $726,000 | 1,791 | 29.6% |
Is this your house?
Run your own report →