The Fair Share Report
484 Alps Rd
Wayne, NJ 07641
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 $1,080,000 – $1,502,000, from 12 comparable Wayne sales in the past 18 months.
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 $1,250,000 home should be assessed near $447,750.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $328,550 below what the ratio math suggests (73.4%).
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
2%47%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wayne pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 60 SHEFFIELD ROAD | 2025-06 | $1,200,000 | 3,704 | 34.3% |
| 3 DIORIO COURT | 2025-01 | $940,000 | 3,232 | 35.6% |
| 180 PINES LAKE DR E | 2025-09 | $2,200,000 | 5,430 | 26.8% |
| 17 FARMSTEAD LANE | 2025-07 | $1,460,000 | 3,996 | 29.9% |
| 1 TODD TERR | 2025-12 | $1,388,000 | 3,258 | 29.6% |
| 14 DE HART COURT | 2026-06 | $1,250,000 | 3,216 | 26.6% |
| 334 PINES LAKE DR E | 2025-08 | $1,975,000 | 4,664 | 31.0% |
| 4 FOREST HILL DR | 2025-12 | $1,132,000 | 3,974 | 34.0% |
| 18 GATES PLACE | 2025-05 | $1,502,000 | 5,007 | 38.8% |
| 18 DANIELLE DR | 2025-10 | $1,300,000 | 3,536 | 27.9% |
| 3 ARMSTRONG AVE | 2025-06 | $1,200,000 | 3,393 | 27.3% |
| 987 VALLEY RD | 2025-06 | $993,987 | 2,598 | 31.8% |
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