The Fair Share Report

2129 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

≈ $779,027

Likely range $646,530 – $869,279, from 12 comparable Wall sales in the past 18 months (home size estimated from assessor data — range widened).

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 $779,027 home should be assessed near $465,547.

Step 3 · Assessed value

$495,000

Set at the last town-wide revaluation and mostly frozen since. That's $29,453 above what the ratio math suggests (6.3%).

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

$10,984/yr
Public schools$6,474
Monmouth County$1,798
Town of Wall$2,712
Wall average$10,496

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

Town median 52.5%
This home · 63.5%

36%82%

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
1706 FOREST ST2025-11$1,222,2221,73430.6%
3228 ALLAIRE RD2025-11$749,0001,60835.0%
2338 RAMSHORN DR2026-03$969,0001,89243.9%
2384 RIVERSIDE TERR2025-07$937,5002,04842.4%
1612 HWY 342025-09$745,0002,10156.6%
1813 WORLD ST2026-05$730,0001,75044.6%
3422 WEST HURLEY POND RD2025-01$705,0001,89065.5%
1830 NEW BEDFORD RD2025-03$710,0001,50259.7%
1731 GROVE ST2026-05$632,5001,73452.0%
3009 ALICIA DR2025-08$746,5001,87851.9%
2914 ARTHUR ST2025-05$515,0001,87277.5%
3010 ATLANTIC AVE2025-10$665,0001,68053.9%

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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 →