The Fair Share Report

2112 First Ave

Wall, NJ 08720

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

≈ $815,523

Likely range $740,140 – $953,635, from 12 comparable Wall sales in the past 18 months, at this home's 1,862 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 $815,523 home should be assessed near $487,357.

Step 3 · Assessed value

$454,700

Set at the last town-wide revaluation and mostly frozen since. That's $32,657 below what the ratio math suggests (6.7%).

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

$10,090/yr
Public schools$5,947
Monmouth County$1,652
Town of Wall$2,492
Wall average$10,496

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

Town median 52.5%
This home · 55.8%

36%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
1907 CRESCENT DR2025-03$825,0001,89661.4%
3009 ALICIA DR2025-08$746,5001,87851.9%
3005 ALICIA DR2026-01$851,0001,94351.5%
2411 FAIRVIEW DR2025-03$1,299,9001,86538.0%
1617 DORIS ST2025-09$775,0001,81251.7%
2703 WOOLLEY RD2025-05$765,0001,99740.9%
3113 HARRISON ST2025-11$649,0002,03648.9%
3422 WEST HURLEY POND RD2025-01$705,0001,89065.5%
1908 SHERWOOD DR2025-12$1,325,0001,96644.7%
2338 RAMSHORN DR2026-03$969,0001,89243.9%
1704 GROVE ST2026-01$1,111,0001,78036.3%
1120 PENNSYLVANIA AVE2025-08$940,0001,88750.7%

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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 →