The Fair Share Report
345 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 $523,630 – $746,761, 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 $640,805 home should be assessed near $229,536.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,636 below what the ratio math suggests (23.8%).
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
18%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 |
|---|---|---|---|---|
| 10 LAKE DR W | 2026-06 | $800,000 | 1,445 | 31.0% |
| 146 BEECHWOOD DR | 2025-08 | $730,000 | 1,423 | 28.0% |
| 217 ALPS RD | 2025-11 | $685,000 | 1,654 | 25.6% |
| 153 RYERSON AVE | 2025-06 | $475,000 | 1,404 | 27.5% |
| 44 HILLCREST DR | 2025-09 | $635,000 | 1,414 | 32.0% |
| 38 LAUREL DR | 2025-05 | $735,000 | 1,432 | 22.9% |
| 197 OAKWOOD DR | 2025-08 | $710,000 | 1,652 | 30.2% |
| 75 BARNSDALE RD | 2025-09 | $553,250 | 1,505 | 24.7% |
| 230 MAC DONALD DR | 2025-06 | $300,000 | 1,450 | 62.6% |
| 104 OLDHAM RD | 2025-08 | $530,000 | 1,373 | 26.0% |
| 40 PROSPECT RD | 2025-10 | $620,000 | 1,600 | 25.6% |
| 16 HILLSIDE TERR | 2026-05 | $650,000 | 1,446 | 28.3% |
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