The Fair Share Report
1503 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 $716,888 – $856,517, 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 $816,349 home should be assessed near $487,850.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $75,050 above what the ratio math suggests (15.4%).
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%84%
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 |
|---|---|---|---|---|
| 1507 PRIMROSE PL | 2025-09 | $875,000 | 2,001 | 63.2% |
| 1533 HARVEST LN | 2026-04 | $999,999 | 2,055 | 62.4% |
| 2409 ROBIN WAY | 2026-05 | $790,000 | 2,046 | 56.8% |
| 2433 ROBIN WAY | 2025-09 | $850,000 | 2,046 | 56.5% |
| 2406 ROBIN WAY | 2025-04 | $878,000 | 2,046 | 54.2% |
| 22 TARPON DR | 2025-06 | $780,000 | 1,972 | 52.7% |
| 2420 ROBIN WAY | 2025-11 | $750,000 | 2,079 | 60.4% |
| 2060 BENJAMIN CIR | 2025-08 | $715,000 | 2,016 | 59.8% |
| 2511 MORNINGSTAR RD | 2026-02 | $780,000 | 1,843 | 69.0% |
| 2571 COLLIER RD | 2025-05 | $875,000 | 2,033 | 62.6% |
| 2564 MORNINGSTAR RD | 2025-08 | $790,000 | 1,829 | 64.6% |
| 11 TARPON DR | 2026-02 | $785,000 | 2,002 | 53.8% |
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