The Fair Share Report
644 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 $465,880 – $754,263, 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 $648,415 home should be assessed near $232,262.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $85,962 below what the ratio math suggests (37.0%).
Step 4 · The tax rate — same for every Wayne home
$3.337 Schools · 56% $1.251 County · 21% $1.409 Town · 23%
This home's own bill implies $5.656 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wayne sale · assessed ÷ market
14%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 |
|---|---|---|---|---|
| 21 ROLLING HILLS DR | 2025-04 | $700,000 | 1,361 | 28.2% |
| 703 BRITTANY DR | 2026-03 | $486,000 | 1,331 | 28.9% |
| 21 SANDRA LANE | 2025-02 | $630,000 | 1,300 | 28.5% |
| 1087 RATZER RD | 2025-09 | $635,000 | 1,320 | 29.0% |
| 24 SANDRA LANE | 2025-05 | $680,000 | 1,300 | 27.5% |
| 28 ANN ST | 2026-06 | $250,000 | 1,392 | 47.8% |
| 1 WILLS AVE | 2025-03 | $520,000 | 1,260 | 25.1% |
| 44 CANTON RD | 2025-11 | $735,000 | 1,275 | 24.2% |
| 15 DALEWOOD RD | 2025-12 | $475,000 | 1,261 | 32.5% |
| 39 PARKSIDE COURT | 2025-03 | $475,000 | 1,291 | 37.9% |
| 85 SHEFFIELD RD | 2025-10 | $805,000 | 1,264 | 22.4% |
| 812 BLACK OAK RIDGE RD | 2025-11 | $690,000 | 1,248 | 24.1% |
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