The Fair Share Report
2139 Locust Rd
Wall, NJ 08750
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $500,418 – $644,643, from 12 comparable Wall sales in the past 18 months, at this home's 1,140 sq ft.
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 $595,442 home should be assessed near $355,836.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,836 below what the ratio math suggests (3.3%).
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%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1648 RIVERVIEW TERR | 2025-06 | $575,000 | 1,136 | 53.0% |
| 2203 MONMOUTH BLVD | 2025-02 | $440,000 | 1,123 | 49.8% |
| 3118 ARTHUR ST | 2025-08 | $360,000 | 1,054 | 65.5% |
| 2256 NEWARK AVE | 2026-05 | $700,000 | 1,131 | 44.3% |
| 1407 EDGEMERE RD | 2026-05 | $570,000 | 1,008 | 48.5% |
| 1406 EDGEMERE RD | 2026-04 | $650,000 | 1,228 | 41.7% |
| 1625 W MAPLEWOOD RD | 2025-11 | $600,000 | 1,212 | 46.1% |
| 1609 WATER ST | 2025-04 | $570,000 | 1,353 | 47.9% |
| 1106 18TH AVE | 2025-06 | $525,000 | 1,196 | 47.1% |
| 1014 GLENN ST | 2026-02 | $550,000 | 1,053 | 44.9% |
| 2204 HILL AVE | 2026-05 | $506,000 | 936 | 48.4% |
| 2397 RIVERCREST CT | 2025-01 | $1,100,000 | 1,146 | 40.8% |
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