The Fair Share Report
616 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 $506,593 – $738,787, 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 $590,239 home should be assessed near $211,424.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,924 below what the ratio math suggests (29.8%).
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
15%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 |
|---|---|---|---|---|
| 15 DALEWOOD RD | 2025-12 | $475,000 | 1,261 | 32.5% |
| 28 ANN ST | 2026-06 | $250,000 | 1,392 | 47.8% |
| 21 ROLLING HILLS DR | 2025-04 | $700,000 | 1,361 | 28.2% |
| 62 ELMWOOD TERR | 2026-01 | $580,000 | 1,438 | 35.4% |
| 42 DEERFIELD RD | 2025-06 | $660,000 | 1,459 | 27.4% |
| 375 ALPS RD | 2025-03 | $610,000 | 1,420 | 29.8% |
| 22 WOODLOT RD | 2026-04 | $711,111 | 1,320 | 20.6% |
| 651 ALPS RD | 2025-06 | $592,000 | 1,514 | 30.6% |
| 1347 ALPS RD | 2025-08 | $435,000 | 1,584 | 43.8% |
| 24 SANDRA LANE | 2025-05 | $680,000 | 1,300 | 27.5% |
| 60 HILLSIDE TERR | 2025-11 | $660,000 | 1,584 | 33.3% |
| 21 SANDRA LANE | 2025-02 | $630,000 | 1,300 | 28.5% |
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