The Fair Share Report
1623 Rustic Ct
Wall, NJ 07753
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 $895,439 – $1,543,893, 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 $1,404,621 home should be assessed near $839,402.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $239,402 below what the ratio math suggests (28.5%).
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
33%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1801 CELESTE DR | 2025-04 | $1,150,000 | 3,344 | 59.6% |
| 1442 GARRETT DR | 2025-12 | $1,400,000 | 3,118 | 48.4% |
| 1609 BASS POINT RD | 2025-08 | $3,250,000 | 3,074 | 37.8% |
| 2100 PRINCETON CT | 2025-11 | $1,275,000 | 2,970 | 55.9% |
| 2100 PRINCETON CT | 2025-05 | $865,000 | 2,970 | 82.4% |
| 1656 MARTIN RD | 2025-09 | $950,000 | 3,446 | 55.8% |
| 3058 GOVERNOUR'S CROSSING | 2025-10 | $1,351,000 | 2,874 | 48.6% |
| 1807 BRIDLEMERE AVE | 2025-12 | $1,355,000 | 3,113 | 51.4% |
| 1101 HAWTHORNE PKWY | 2025-08 | $1,575,000 | 3,037 | 28.1% |
| 4040 HERBERTSVILLE RD | 2025-12 | $1,075,000 | 3,490 | 57.4% |
| 1910 ROBIN HOOD DR | 2026-06 | $1,500,000 | 3,334 | 47.0% |
| 2529 CHALET DR | 2025-09 | $1,575,000 | 2,856 | 46.6% |
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