The Fair Share Report
2 King St
Wallington, NJ 07403
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.
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Step 1 · Market value
Likely range $845,179 – $979,515, from 12 comparable Wallington 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 Wallington assessments sit below market value — republished every October, applied town-wide. A $867,303 home should be assessed near $839,202.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,098 above what the ratio math suggests (3.7%).
Step 4 · The tax rate — same for every Wallington home
$1.011 Schools · 52% $0.226 County · 12% $0.714 Town · 37%
Step 5 · The bill
This home vs. every recent Wallington sale · assessed ÷ market
62%108%
Paying about right
This home's ratio lands inside Wallington'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 |
|---|---|---|---|---|
| 15 WAGNER AVENUE | 2025-05 | $980,000 | 2,418 | 88.8% |
| 2 IVY LANE | 2026-05 | $820,000 | 2,273 | 84.3% |
| 6 HILLSIDE TERRACE | 2026-05 | $1,275,000 | 2,662 | 73.0% |
| 19 ANDERSON AVENUE | 2025-06 | $790,000 | 2,208 | 81.8% |
| 10 JARICO DRIVE | 2025-12 | $800,000 | 2,306 | 108.5% |
| 9 MT CEDAR AVENUE | 2025-03 | $910,000 | 2,668 | 91.5% |
| 32 HAYWARD PLACE | 2026-04 | $660,000 | 2,484 | 80.9% |
| 69 KOSSUTH STREET | 2026-01 | $650,000 | 2,307 | 94.6% |
| 154 MT PLEASANT AVENUE | 2025-05 | $1,105,000 | 2,874 | 83.3% |
| 10 STRONG STREET | 2025-07 | $730,000 | 2,144 | 89.7% |
| 28 FIRST STREET | 2026-02 | $980,000 | 3,190 | 98.2% |
| 82-84 MAPLE AVENUE | 2025-12 | $897,000 | 2,642 | 79.9% |
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