The Fair Share Report
2216 Cherry St
Wall, NJ 08736
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 $820,374 – $1,047,309, from 12 comparable Wall sales in the past 18 months, at this home's 2,298 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 $922,911 home should be assessed near $551,532.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,532 below what the ratio math suggests (2.3%).
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 |
|---|---|---|---|---|
| 66 RACQUET RD | 2026-05 | $685,000 | 2,299 | 56.5% |
| 2455 DOVETAIL CT | 2026-04 | $840,000 | 2,276 | 54.7% |
| 2553 MORNINGSTAR RD | 2025-04 | $950,000 | 2,345 | 59.8% |
| 2597 MORNINGSTAR RD | 2026-01 | $945,000 | 2,353 | 64.7% |
| 2536 COLLIER RD | 2025-06 | $1,110,001 | 2,356 | 57.0% |
| 1560 TANNER AVE | 2025-07 | $998,000 | 2,353 | 57.9% |
| 1516 WISHING WELL LN | 2025-12 | $999,000 | 2,192 | 56.9% |
| 2510 MORNINGSTAR RD | 2026-02 | $860,000 | 2,409 | 67.8% |
| 1570 TANNER AVE | 2025-02 | $970,000 | 2,396 | 61.2% |
| 1700 M ST | 2025-06 | $1,150,000 | 2,200 | 44.3% |
| 1568 TANNER AVE | 2025-07 | $985,000 | 2,511 | 59.8% |
| 1504 BAKER'S PL | 2025-07 | $850,000 | 2,536 | 69.5% |
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