The Fair Share Report

1013 Second Ave

Wall, NJ 07719

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.

Step 1 · Market value

≈ $614,108

Likely range $484,033 – $703,181, from 12 comparable Wall sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

59.76%

The state's official measure of how far Wall assessments sit below market value — republished every October, applied town-wide. A $614,108 home should be assessed near $366,991.

Step 3 · Assessed value

$262,400

Set at the last town-wide revaluation and mostly frozen since. That's $104,591 below what the ratio math suggests (28.5%).

Step 4 · The tax rate — same for every Wall home

$2.126 per $100 assessed

$1.253 Schools · 59% $0.348 County · 16% $0.525 Town · 25%

Step 5 · The bill

$5,873/yr
Public schools$3,461
Monmouth County$961
Town of Wall$1,450
Wall average$10,496

This home vs. every recent Wall sale · assessed ÷ market

Town median 52.5%
This home · 42.7%

32%74%

Paying about right

This home's ratio lands inside Wall's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
1429 MARCONI RD2026-03$505,00096049.1%
1027 SECOND AVE2025-12$540,00092846.8%
1409 VALLEY DR2025-03$585,00092045.4%
1210 MINNEHAHA TR2025-05$590,00093054.1%
2131 LOCUST RD2025-03$688,00090750.3%
1037 THIRD AVE2025-12$490,00096061.0%
2204 HILL AVE2026-05$506,00093648.4%
1407 EDGEMERE RD2026-05$570,0001,00848.5%
1116 17TH AVE2025-10$580,00083843.9%
923 WOODLAND AVE2026-03$450,00090455.0%
3118 ARTHUR ST2025-08$360,0001,05465.5%
2397 RIVERCREST CT2025-01$1,100,0001,14640.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →