The Fair Share Report

142 Oval Rd

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

≈ $1,525,000

Likely range $1,339,184 – $1,823,181, from 12 comparable Wall sales in the past 18 months, at this home's 4,247 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 $1,525,000 home should be assessed near $911,340.

Step 3 · Assessed value

$778,000

Set at the last town-wide revaluation and mostly frozen since. That's $133,340 below what the ratio math suggests (14.6%).

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

$17,264/yr
Public schools$10,175
Monmouth County$2,826
Town of Wall$4,263
Wall average$10,496

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

Town median 52.5%
This home · 51.0%

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
1222 OVAL RD2025-09$1,750,0004,24740.4%
132 OVAL RD2025-06$1,150,0004,24763.4%
1421 OVAL RD2025-04$1,150,0004,24760.8%
1422 OVAL RD2025-01$1,525,0004,24745.2%
1231 OVAL RD2025-01$1,500,0004,24743.3%
442 OVAL RD2025-09$1,700,0004,24747.3%
231 OVAL RD2025-01$1,450,0004,24753.1%
1609 SHERIDAN DR2025-09$1,800,0004,19347.5%
5106 MARSHALL RD2025-01$999,9994,00873.5%
1114 LAUREL AVE2026-03$2,499,9003,86036.1%
2227 CHRISTOPHER WAY2026-01$1,450,0003,67960.2%
1413 GULLY RD2026-01$2,475,0004,73038.8%

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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 →