The Fair Share Report
23 Spring Ct
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 $614,325 – $770,265, from 12 comparable Wallington sales in the past 18 months, at this home's 1,717 sq ft.
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 $658,717 home should be assessed near $637,375.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,925 above what the ratio math suggests (2.2%).
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%111%
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 |
|---|---|---|---|---|
| 28 SPRING COURT | 2025-07 | $765,000 | 1,717 | 82.8% |
| 80 KOSTER STREET | 2026-06 | $930,000 | 1,843 | 65.1% |
| 7 AZALEA DRIVE | 2026-03 | $739,000 | 1,465 | 78.0% |
| 31 WADSWORTH STREET | 2025-06 | $694,000 | 1,830 | 83.6% |
| 29 MT PLEASANT AVENUE | 2026-03 | $729,900 | 1,914 | 81.5% |
| 19 ANDERSON AVENUE | 2025-06 | $790,000 | 2,208 | 81.8% |
| 170 MT PLEASANT AVENUE | 2025-01 | $980,000 | 1,470 | 72.3% |
| 10 STRONG STREET | 2025-07 | $730,000 | 2,144 | 89.7% |
| 2 IVY LANE | 2026-05 | $820,000 | 2,273 | 84.3% |
| 113 WALLINGTON AVENUE | 2025-11 | $530,000 | 1,612 | 74.1% |
| 37 WILLIAM STREET | 2025-01 | $626,000 | 1,800 | 83.8% |
| 96 KOSTER STREET | 2025-06 | $646,000 | 1,440 | 79.1% |
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