The Fair Share Report
2399 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 $531,142 – $744,656, 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 $701,217 home should be assessed near $419,047.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,847 below what the ratio math suggests (5.2%).
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%80%
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 |
|---|---|---|---|---|
| 1813 WORLD ST | 2026-05 | $730,000 | 1,750 | 44.6% |
| 1617 DORIS ST | 2025-09 | $775,000 | 1,812 | 51.7% |
| 2814 PIERCE ST | 2025-05 | $425,000 | 1,588 | 88.3% |
| 12 RACQUET RD | 2026-03 | $525,400 | 1,654 | 62.5% |
| 32 RACQUET RD | 2025-11 | $555,000 | 1,654 | 60.1% |
| 2202 LINCRIS LN | 2025-07 | $1,225,000 | 1,576 | 42.7% |
| 2411 FAIRVIEW DR | 2025-03 | $1,299,900 | 1,865 | 38.0% |
| 1907 CRESCENT DR | 2025-03 | $825,000 | 1,896 | 61.4% |
| 3009 ALICIA DR | 2025-08 | $746,500 | 1,878 | 51.9% |
| 3005 ALICIA DR | 2026-01 | $851,000 | 1,943 | 51.5% |
| 3113 HARRISON ST | 2025-11 | $649,000 | 2,036 | 48.9% |
| 1808 COTTAGE PL | 2025-04 | $890,000 | 1,776 | 40.4% |
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