The Fair Share Report
23 Pine St
Wallington, NJ 07057
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 $549,581 – $689,200, from 12 comparable Wallington 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 Wallington assessments sit below market value — republished every October, applied town-wide. A $575,278 home should be assessed near $556,639.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,139 below what the ratio math suggests (7.7%).
Step 4 · The tax rate — same for every Wallington home
$1.011 Schools · 52% $0.226 County · 12% $0.714 Town · 37%
Step 5 · The bill
This home vs. every recent Wallington sale · assessed ÷ market
62%105%
Paying about right
This home's ratio lands inside Wallington'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 |
|---|---|---|---|---|
| 196 HAYWARD PLACE | 2026-01 | $557,000 | 1,702 | 76.0% |
| 28 LESTER STREET | 2025-07 | $615,000 | 1,777 | 74.4% |
| 17 BOND STREET | 2025-12 | $545,000 | 1,656 | 62.7% |
| 224 HAYWARD PLACE | 2026-03 | $699,000 | 1,822 | 89.3% |
| 51 VAN WINKLE AVENUE | 2025-11 | $635,000 | 2,006 | 86.5% |
| 113 WALLINGTON AVENUE | 2025-11 | $530,000 | 1,612 | 74.1% |
| 320 HAYWARD PLACE | 2025-09 | $700,000 | 1,950 | 77.6% |
| 46-48 TUTTLE STREET | 2025-02 | $1,335,000 | 2,065 | 75.2% |
| 15 MORRISSEE AVENUE | 2026-01 | $430,000 | 1,382 | 91.3% |
| 112 LESTER STREET | 2025-11 | $770,000 | 1,958 | 69.4% |
| 80 TUTTLE STREET | 2026-05 | $550,000 | 1,978 | 88.0% |
| 91 HALSTEAD AVENUE | 2026-01 | $885,000 | 2,288 | 62.4% |
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