The Fair Share Report
282 Wilson Dr
Alpine, NJ 07620
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 $1,388,172 – $2,487,585, from 6 comparable Alpine 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 Alpine assessments sit below market value — republished every October, applied town-wide. A $2,298,013 home should be assessed near $2,211,608.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $178,508 below what the ratio math suggests (8.1%).
Step 4 · The tax rate — same for every Alpine home
$0.382 Schools · 46% $0.246 County · 29% $0.209 Town · 25%
Step 5 · The bill
This home vs. every recent Alpine sale · assessed ÷ market
47%152%
Paying about right
This home's ratio lands inside Alpine'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 |
|---|---|---|---|---|
| 35 DOGWOOD LANE | 2025-01 | $1,600,000 | 3,304 | 96.0% |
| 915 CLOSTER DOCK ROAD | 2025-07 | $3,320,000 | 2,706 | 95.3% |
| 44 ROBIN LANE | 2026-05 | $1,775,000 | 2,417 | 105.6% |
| 9 MARIE MAJOR DRIVE | 2025-03 | $3,675,000 | 5,247 | 80.0% |
| 11 SHERWOOD COURT | 2026-03 | $4,000,000 | 5,366 | 68.1% |
| 497 HILLSIDE AVENUE | 2025-04 | $3,450,000 | 5,470 | 80.1% |
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