The Fair Share Report

1037 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

≈ $558,621

Likely range $501,425 – $680,272, from 12 comparable Wall sales in the past 18 months, at this home's 960 sq ft.

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 $558,621 home should be assessed near $333,832.

Step 3 · Assessed value

$298,700

Set at the last town-wide revaluation and mostly frozen since. That's $35,132 below what the ratio math suggests (10.5%).

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

$6,685/yr
Public schools$3,940
Monmouth County$1,094
Town of Wall$1,651
Wall average$10,496

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

Town median 52.5%
This home · 53.5%

36%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
1407 EDGEMERE RD2026-05$570,0001,00848.5%
2404 LENAPE TR2025-12$735,00095744.2%
3118 ARTHUR ST2025-08$360,0001,05465.5%
2204 HILL AVE2026-05$506,00093648.4%
2253 WAGNER LN2026-03$625,00088247.6%
1210 MINNEHAHA TR2025-05$590,00093054.1%
2134 OLD MILL RD2025-12$719,0001,04045.5%
1635 MARCONI RD2025-06$800,0001,01043.5%
1429 MARCONI RD2026-03$505,00096049.1%
1648 RIVERVIEW TERR2025-06$575,0001,13653.0%
1014 GLENN ST2026-02$550,0001,05344.9%
1027 SECOND AVE2025-12$540,00092846.8%

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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 →