The Fair Share Report
1027 Second Ave
Wall, NJ 07462
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 $498,800 – $657,596, from 12 comparable Wall sales in the past 18 months, at this home's 928 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Wall assessments sit below market value — republished every October, applied town-wide. A $588,731 home should be assessed near $351,826.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $98,926 below what the ratio math suggests (28.1%).
Step 4 · The tax rate — same for every Wall home
$1.253 Schools · 59% $0.348 County · 16% $0.525 Town · 25%
Step 5 · The bill
This home vs. every recent Wall sale · assessed ÷ market
33%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1409 VALLEY DR | 2025-03 | $585,000 | 920 | 45.4% |
| 1210 MINNEHAHA TR | 2025-05 | $590,000 | 930 | 54.1% |
| 2131 LOCUST RD | 2025-03 | $688,000 | 907 | 50.3% |
| 2204 HILL AVE | 2026-05 | $506,000 | 936 | 48.4% |
| 1116 17TH AVE | 2025-10 | $580,000 | 838 | 43.9% |
| 1429 MARCONI RD | 2026-03 | $505,000 | 960 | 49.1% |
| 2253 WAGNER LN | 2026-03 | $625,000 | 882 | 47.6% |
| 1407 EDGEMERE RD | 2026-05 | $570,000 | 1,008 | 48.5% |
| 1037 THIRD AVE | 2025-12 | $490,000 | 960 | 61.0% |
| 1627 WATER ST | 2026-01 | $430,000 | 800 | 56.6% |
| 923 WOODLAND AVE | 2026-03 | $450,000 | 904 | 55.0% |
| 2404 LENAPE TR | 2025-12 | $735,000 | 957 | 44.2% |
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