The Fair Share Report
751 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 $843,755 – $1,202,567, 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 $993,491 home should be assessed near $355,868.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,368 below what the ratio math suggests (15.0%).
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 |
|---|---|---|---|---|
| 83 MAPLE AVE | 2025-06 | $1,090,850 | 2,645 | 27.8% |
| 78 WEINMANNS BLVD | 2025-07 | $860,000 | 2,917 | 30.5% |
| 10 EMERSON PLACE | 2025-08 | $875,000 | 2,897 | 33.1% |
| 29 MANOR DR | 2025-04 | $880,000 | 2,489 | 30.8% |
| 187 HILLCREST DR | 2026-01 | $1,200,000 | 3,159 | 32.3% |
| 18 IOWA RD | 2025-10 | $795,000 | 2,553 | 30.3% |
| 9 ALLISON COURT | 2026-01 | $960,000 | 2,774 | 37.7% |
| 59 LAAUWE AVE | 2026-06 | $1,265,000 | 2,894 | 26.6% |
| 62 WILSON AVE | 2025-05 | $1,065,000 | 3,044 | 31.4% |
| 14 LOUISA CT | 2026-04 | $999,000 | 2,637 | 30.0% |
| 169 HILLCREST DR | 2026-03 | $825,000 | 2,415 | 35.2% |
| 2 EDEN PLACE | 2026-03 | $925,000 | 2,592 | 31.6% |
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