The Fair Share Report

1035 Third 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

≈ $594,059

Likely range $484,299 – $679,417, 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 $594,059 home should be assessed near $355,010.

Step 3 · Assessed value

$262,900

Set at the last town-wide revaluation and mostly frozen since. That's $92,110 below what the ratio math suggests (25.9%).

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

$5,884/yr
Public schools$3,468
Monmouth County$963
Town of Wall$1,453
Wall average$10,496

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

Town median 52.5%
This home · 44.3%

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
1106 18TH AVE2025-06$525,0001,19647.1%
1648 RIVERVIEW TERR2025-06$575,0001,13653.0%
1406 EDGEMERE RD2026-04$650,0001,22841.7%
1625 W MAPLEWOOD RD2025-11$600,0001,21246.1%
2006 LINCOLN AVE2025-03$455,0001,26958.6%
2203 MONMOUTH BLVD2025-02$440,0001,12349.8%
1611 DUMONT TERR2026-05$732,5001,32640.5%
1211 18TH AVE2026-01$607,5001,24843.3%
1238 LAKEWOOD RD2026-06$685,0001,24043.8%
1609 WATER ST2025-04$570,0001,35347.9%
3118 ARTHUR ST2025-08$360,0001,05465.5%
1114 MOHEGAN RD2025-06$830,0001,18644.8%

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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 →