The Fair Share Report
2006 World St
Wall, NJ 08752
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 $521,117 – $764,512, 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 $669,440 home should be assessed near $400,057.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,757 below what the ratio math suggests (25.2%).
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
34%74%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2514 RAMSHORN DR | 2025-05 | $650,000 | 1,304 | 70.5% |
| 1215 MINTWOOD LN | 2025-07 | $807,000 | 1,382 | 55.2% |
| 1622 OAKWOOD RD | 2025-11 | $601,000 | 1,468 | 50.4% |
| 1612 OAKWOOD RD | 2025-03 | $730,000 | 1,468 | 44.3% |
| 2406 CHERRY ST | 2025-09 | $680,000 | 1,348 | 55.9% |
| 1114 MOHEGAN RD | 2025-06 | $830,000 | 1,186 | 44.8% |
| 1103 MOHEGAN RD | 2026-05 | $900,000 | 1,215 | 42.1% |
| 1211 18TH AVE | 2026-01 | $607,500 | 1,248 | 43.3% |
| 2710 JOHNSON ST | 2026-03 | $700,000 | 1,260 | 47.4% |
| 2710 JOHNSON ST | 2025-09 | $465,000 | 1,260 | 71.3% |
| 3409 LANGDON RD | 2025-04 | $750,000 | 1,492 | 54.8% |
| 1616 OAKWOOD RD | 2025-07 | $437,500 | 1,555 | 72.7% |
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