The Fair Share Report

21 Spring St

Wallington, NJ 07057

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

≈ $641,070

Likely range $589,442 – $770,798, from 12 comparable Wallington sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

96.76%

The state's official measure of how far Wallington assessments sit below market value — republished every October, applied town-wide. A $641,070 home should be assessed near $620,299.

Step 3 · Assessed value

$621,500

Set at the last town-wide revaluation and mostly frozen since. That's $1,201 above what the ratio math suggests (0.2%).

Step 4 · The tax rate — same for every Wallington home

$1.950 per $100 assessed

$1.011 Schools · 52% $0.226 County · 12% $0.714 Town · 37%

Step 5 · The bill

$12,119/yr
Public schools$6,280
Bergen County$1,404
Town of Wallington$4,435
Wallington average$11,372

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

Town median 81.5%
This home · 96.9%

62%111%

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)

AddressSoldPriceSq ftRatio
28 SPRING COURT2025-07$765,0001,71782.8%
7 AZALEA DRIVE2026-03$739,0001,46578.0%
80 KOSTER STREET2026-06$930,0001,84365.1%
31 WADSWORTH STREET2025-06$694,0001,83083.6%
170 MT PLEASANT AVENUE2025-01$980,0001,47072.3%
29 MT PLEASANT AVENUE2026-03$729,9001,91481.5%
4 CRESCENT ROAD2026-02$700,0001,56872.9%
19 ANDERSON AVENUE2025-06$790,0002,20881.8%
2 IVY LANE2026-05$820,0002,27384.3%
113 WALLINGTON AVENUE2025-11$530,0001,61274.1%
96 KOSTER STREET2025-06$646,0001,44079.1%
10 STRONG STREET2025-07$730,0002,14489.7%

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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 →