The Fair Share Report
866 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 $443,885 – $685,473, 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 $505,331 home should be assessed near $181,010.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,210 below what the ratio math suggests (6.7%).
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 |
|---|---|---|---|---|
| 511 BRITTANY DR | 2026-04 | $515,000 | 1,451 | 28.0% |
| 611 BRITTANY DR | 2025-10 | $460,000 | 1,451 | 31.4% |
| 58 VAN DUYNE AVE | 2025-11 | $250,000 | 1,526 | 39.4% |
| 95 MAC DONALD DR | 2025-09 | $700,000 | 1,512 | 29.4% |
| 26 BRANDYWINE RD | 2025-07 | $750,000 | 1,430 | 15.3% |
| 88 HINCHMAN AVE | 2026-03 | $725,000 | 1,520 | 23.6% |
| 703 BRITTANY DR | 2026-03 | $486,000 | 1,331 | 28.9% |
| 703 FOUR SEASONS DR | 2026-06 | $510,000 | 1,525 | 29.9% |
| 511 FOUR SEASONS DR | 2026-03 | $545,000 | 1,525 | 28.0% |
| 1302 FOUR SEASONS DR | 2025-11 | $510,000 | 1,525 | 29.7% |
| 103 FOUR SEASONS DR | 2025-11 | $480,000 | 1,525 | 31.5% |
| 1410 FOUR SEASONS DR | 2025-05 | $569,000 | 1,525 | 26.8% |
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