The Fair Share Report
42 Alpine Dr
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 $771,796 – $905,280, 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 $830,711 home should be assessed near $297,561.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,561 below what the ratio math suggests (9.9%).
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 |
|---|---|---|---|---|
| 100 WILSON AVE | 2026-01 | $742,500 | 2,160 | 31.7% |
| 287 LINDEN RD | 2025-11 | $1,050,000 | 2,084 | 27.9% |
| 47 SENECA TRAIL | 2025-06 | $835,000 | 1,969 | 25.2% |
| 526 INDIAN RD | 2025-06 | $975,000 | 2,191 | 27.1% |
| 44 GROVER DR | 2025-08 | $860,000 | 2,106 | 27.4% |
| 77 GARSIDE AVE | 2026-04 | $740,000 | 1,980 | 27.3% |
| 53 HERSHEY RD | 2025-07 | $852,500 | 2,196 | 36.8% |
| 41 TOWSEN RD | 2026-04 | $885,000 | 2,144 | 29.9% |
| 16 MARLO RD | 2025-12 | $752,000 | 2,020 | 30.8% |
| 8 WEDGEWOOD DR | 2026-06 | $780,000 | 2,044 | 28.8% |
| 11 ASPEN COURT | 2025-09 | $920,000 | 2,129 | 30.7% |
| 39 TERRACE RD | 2025-09 | $900,000 | 2,196 | 25.8% |
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