The Fair Share Report

1032 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

≈ $651,577

Likely range $505,962 – $812,886, 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 $651,577 home should be assessed near $389,382.

Step 3 · Assessed value

$313,200

Set at the last town-wide revaluation and mostly frozen since. That's $76,182 below what the ratio math suggests (19.6%).

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

$7,009/yr
Public schools$4,131
Monmouth County$1,147
Town of Wall$1,731
Wall average$10,496

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

Town median 52.5%
This home · 48.1%

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)

AddressSoldPriceSq ftRatio
3008 BELMAR BLVD2025-05$690,0001,46945.2%
1777 BELMAR BLVD2025-10$635,0001,37949.2%
1219 CURTIS AVE2025-01$499,9991,46251.0%
1609 WATER ST2025-04$570,0001,35347.9%
1611 DUMONT TERR2026-05$732,5001,32640.5%
1137 HILLTOP DR2025-05$555,0001,53247.7%
1337 EAST CT2025-09$550,0001,45728.0%
2006 FAIRWAY DR2026-02$887,0001,40846.3%
3005 ATLANTIC AVE2025-09$670,0001,35462.5%
2006 LINCOLN AVE2025-03$455,0001,26958.6%
912 SEA GIRT AVE2025-02$1,775,0001,50932.3%
906 HOMESTEAD RD2025-06$1,475,0001,53634.7%

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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 →