The Fair Share Report
1908 Central Ave
Wall, NJ 07719
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Wall's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $688,867 – $1,286,784, 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 $830,040 home should be assessed near $496,032.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $80,732 below what the ratio math suggests (16.3%).
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
27%74%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2914 ARTHUR ST | 2025-05 | $515,000 | 1,872 | 77.5% |
| 2384 RIVERSIDE TERR | 2025-07 | $937,500 | 2,048 | 42.4% |
| 1706 FOREST ST | 2025-11 | $1,222,222 | 1,734 | 30.6% |
| 1612 HWY 34 | 2025-09 | $745,000 | 2,101 | 56.6% |
| 4604 BROAD ST | 2026-02 | $700,000 | 1,836 | 52.0% |
| 3422 WEST HURLEY POND RD | 2025-01 | $705,000 | 1,890 | 65.5% |
| 1307 W MAGNOLIA AVE | 2025-04 | $917,000 | 1,816 | 47.2% |
| 3506 BELMAR BLVD | 2025-12 | $875,000 | 2,024 | 49.9% |
| 2155A TERRACE PL | 2025-07 | $1,555,000 | 2,016 | 33.1% |
| 3001 HARRISON ST | 2025-07 | $600,000 | 1,558 | 56.0% |
| 2118 OLD MILL RD | 2025-08 | $970,000 | 2,040 | 50.2% |
| 1704 GROVE ST | 2026-01 | $1,111,000 | 1,780 | 36.3% |
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