The Fair Share Report

1705 Patrick Pl

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

≈ $1,379,393

Likely range $1,222,897 – $1,671,611, from 12 comparable Wall sales in the past 18 months, at this home's 3,453 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 $1,379,393 home should be assessed near $824,325.

Step 3 · Assessed value

$678,600

Set at the last town-wide revaluation and mostly frozen since. That's $145,725 below what the ratio math suggests (17.7%).

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

$15,065/yr
Public schools$8,879
Monmouth County$2,466
Town of Wall$3,720
Wall average$10,496

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

Town median 52.5%
This home · 49.2%

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
2420 RAMSHORN DR2025-01$1,270,0003,58655.4%
3411 SLEEPY HOLLOW CT2025-01$825,0003,55067.5%
1609 REVERE LN2025-09$1,297,5003,24859.9%
1353 TAMARACK RD2025-10$1,675,0003,46043.3%
2567 RIVER RD2026-03$4,900,0003,62127.2%
1018 JEFFERSON AVE2024-12$1,225,0003,29854.4%
1412 WINESAP DR2025-12$1,420,0003,71055.8%
2374 ORCHARD CREST BLVD2025-08$1,627,3743,20845.6%
1801 CELESTE DR2025-04$1,150,0003,34459.6%
1347 WINTER VIEW RD2025-12$1,315,0003,11954.1%
2322 ORCHARD CREST BLVD2025-01$1,514,0003,33347.5%
1442 GARRETT DR2025-12$1,400,0003,11848.4%

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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 →