The Fair Share Report
1502 Blacksmith Row
Wall, NJ 08736
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 $566,415 – $814,325, 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 $727,520 home should be assessed near $434,766.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,834 above what the ratio math suggests (20.2%).
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
36%98%
A touch high — worth watching
This home's ratio sits above most of Wall, but doesn't clear NJ's legal appeal line (68.72%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2530 MORNINGSTAR RD | 2025-02 | $906,000 | 1,798 | 58.5% |
| 394 DEUCE DR | 2026-01 | $615,000 | 1,654 | 56.2% |
| 384 DEUCE DR | 2025-12 | $575,000 | 1,654 | 57.1% |
| 368 VOLLEY CT | 2025-07 | $574,000 | 1,654 | 57.4% |
| 408 DEUCE DR | 2025-05 | $575,000 | 1,654 | 57.3% |
| 316 LOVE LN | 2025-05 | $619,000 | 1,654 | 57.1% |
| 212 TENNIS CT | 2025-04 | $650,000 | 1,654 | 54.5% |
| 328 ACE DR | 2025-03 | $575,000 | 1,654 | 59.6% |
| 2550 COLLIER RD | 2025-03 | $762,500 | 1,801 | 69.8% |
| 2531 SPARROWBUSH LN | 2025-08 | $999,999 | 1,801 | 53.6% |
| 2511 MORNINGSTAR RD | 2026-02 | $780,000 | 1,843 | 69.0% |
| 2616 LANTERN LIGHT WAY | 2025-04 | $812,500 | 1,891 | 66.9% |
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