The Fair Share Report
2387 Cedar 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.
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Step 1 · Market value
Likely range $943,549 – $1,115,424, from 12 comparable Wall 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 Wall assessments sit below market value — republished every October, applied town-wide. A $1,070,119 home should be assessed near $639,503.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,503 below what the ratio math suggests (8.5%).
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 |
|---|---|---|---|---|
| 2595 LANTERN LIGHT WAY | 2025-01 | $975,000 | 2,689 | 62.7% |
| 2568 CURRIER'S PL | 2025-11 | $985,000 | 2,841 | 63.4% |
| 2619 LANTERN LIGHT WAY | 2025-11 | $900,000 | 2,513 | 66.1% |
| 2619 LANTERN LIGHT WAY | 2025-03 | $900,000 | 2,513 | 66.1% |
| 1505 WISHING WELL LN | 2025-07 | $1,026,000 | 2,506 | 58.5% |
| 1506 BAKER'S PL | 2025-08 | $985,000 | 2,488 | 60.2% |
| 1413 CRABAPPLE DR | 2025-07 | $1,267,000 | 2,843 | 51.3% |
| 2171 GREGORY PL | 2025-09 | $1,650,000 | 2,714 | 39.7% |
| 1570 TANNER AVE | 2025-02 | $970,000 | 2,396 | 61.2% |
| 1545 HARBOR RD | 2025-10 | $957,875 | 2,685 | 76.4% |
| 2597 MORNINGSTAR RD | 2026-01 | $945,000 | 2,353 | 64.7% |
| 2553 MORNINGSTAR RD | 2025-04 | $950,000 | 2,345 | 59.8% |
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