The Fair Share Report

1609 Maxwell Dr

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

≈ $699,915

Likely range $596,789 – $778,822, from 12 comparable Wall sales in the past 18 months (home size estimated from assessor data — range widened).

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 $699,915 home should be assessed near $418,269.

Step 3 · Assessed value

$314,300

Set at the last town-wide revaluation and mostly frozen since. That's $103,969 below what the ratio math suggests (24.9%).

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

$6,727/yr
Public schools$3,965
Monmouth County$1,101
Town of Wall$1,661
Wall average$10,496

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

Town median 52.5%
This home · 44.9%

35%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
1704 CLINTON AVE2025-05$605,0001,25244.7%
2710 JOHNSON ST2026-03$700,0001,26047.4%
2710 JOHNSON ST2025-09$465,0001,26071.3%
1545 STERLING DR2025-09$775,0001,28646.4%
2514 RAMSHORN DR2025-05$650,0001,30470.5%
1114 MOHEGAN RD2025-06$830,0001,18644.8%
2406 CHERRY ST2025-09$680,0001,34855.9%
1238 LAKEWOOD RD2026-06$685,0001,24043.8%
1211 18TH AVE2026-01$607,5001,24843.3%
2551 CRESTVIEW RD2026-06$853,0001,20043.7%
1103 MOHEGAN RD2026-05$900,0001,21542.1%
2006 LINCOLN AVE2025-03$455,0001,26958.6%

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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 →