The Fair Share Report
2113 W Side Dr
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.
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Step 1 · Market value
Likely range $909,998 – $1,626,617, 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 $1,309,195 home should be assessed near $782,375.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,075 below what the ratio math suggests (7.2%).
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
36%85%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2567 RIVER RD | 2026-03 | $4,900,000 | 3,621 | 27.2% |
| 2227 CHRISTOPHER WAY | 2026-01 | $1,450,000 | 3,679 | 60.2% |
| 3411 SLEEPY HOLLOW CT | 2025-01 | $825,000 | 3,550 | 67.5% |
| 2123 DUMONT TERR | 2026-03 | $1,330,000 | 3,799 | 50.2% |
| 2420 RAMSHORN DR | 2025-01 | $1,270,000 | 3,586 | 55.4% |
| 5106 MARSHALL RD | 2025-01 | $999,999 | 4,008 | 73.5% |
| 1609 SHERIDAN DR | 2025-09 | $1,800,000 | 4,193 | 47.5% |
| 231 OVAL RD | 2025-01 | $1,450,000 | 4,247 | 53.1% |
| 2808 CONCORD DR | 2026-01 | $2,040,000 | 3,866 | 48.2% |
| 2002 GIARDINA CT | 2025-01 | $2,350,000 | 4,001 | 47.1% |
| 142 OVAL RD | 2025-12 | $1,770,000 | 4,247 | 44.0% |
| 1222 OVAL RD | 2025-09 | $1,750,000 | 4,247 | 40.4% |
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