The Fair Share Report
1038 Third Ave
Wall, NJ 07720
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 $427,044 – $654,817, from 12 comparable Wall sales in the past 18 months (home size estimated from assessor data — range widened).
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 $528,408 home should be assessed near $315,777.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,777 below what the ratio math suggests (38.2%).
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
24%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wall pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1627 WATER ST | 2026-01 | $430,000 | 800 | 56.6% |
| 2011 DIANA RD | 2025-09 | $440,000 | 858 | 58.8% |
| 2253 WAGNER LN | 2026-03 | $625,000 | 882 | 47.6% |
| 1116 17TH AVE | 2025-10 | $580,000 | 838 | 43.9% |
| 2204 HILL AVE | 2026-05 | $506,000 | 936 | 48.4% |
| 2609 RIVER RD | 2026-03 | $825,000 | 736 | 29.7% |
| 1407 EDGEMERE RD | 2026-05 | $570,000 | 1,008 | 48.5% |
| 1314 NEW BRUNSWICK AVE | 2025-11 | $300,000 | 792 | 76.8% |
| 2131 LOCUST RD | 2025-03 | $688,000 | 907 | 50.3% |
| 2006 CORAL WAY | 2026-03 | $550,000 | 770 | 46.0% |
| 2404 LENAPE TR | 2025-12 | $735,000 | 957 | 44.2% |
| 1210 MINNEHAHA TR | 2025-05 | $590,000 | 930 | 54.1% |
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