The Fair Share Report
45 Allison Rd
Alpine, NJ 07024
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 $1,242,500 – $2,249,429, 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 $2,206,816 home should be assessed near $2,123,840.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $446,960 above what the ratio math suggests (21.0%).
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%212%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $3,741/yr at stake. NJ appeals are generally due April 1.
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% |
| 38 DUBOIS AVENUE | 2025-09 | $999,000 | 2,260 | 62.9% |
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