The Fair Share Report
38 Overlook Rd
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 $2,733,776 – $3,375,219, from 8 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 $2,801,195 home should be assessed near $2,695,870.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $653,670 below what the ratio math suggests (24.2%).
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%125%
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 |
|---|---|---|---|---|
| 497 HILLSIDE AVENUE | 2025-04 | $3,450,000 | 5,470 | 80.1% |
| 35 DOGWOOD LANE | 2025-01 | $1,600,000 | 3,304 | 96.0% |
| 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% |
| 915 CLOSTER DOCK ROAD | 2025-07 | $3,320,000 | 2,706 | 95.3% |
| 16 DOGWOOD LANE | 2025-02 | $7,250,000 | 8,096 | 55.9% |
| 19 ALLISON ROAD | 2025-11 | $1,600,000 | 6,988 | 335.9% |
| 24 TULIP TREE LANE | 2026-06 | $4,250,000 | 6,612 | 74.5% |
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