The Fair Share Report
2402 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $493,797 – $737,778, from 12 comparable Wall sales in the past 18 months, at this home's 1,328 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 $614,513 home should be assessed near $367,233.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $122,267 above what the ratio math suggests (33.3%).
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%105%
A touch high — worth watching
This home's ratio sits above most of Wall, but doesn't clear NJ's legal appeal line (68.72%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1523 MARCONI RD | 2025-07 | $691,000 | 1,308 | 53.7% |
| 24 OLD MILL CT | 2026-05 | $580,000 | 1,386 | 44.3% |
| 47 OLD MILL CT | 2025-12 | $470,000 | 1,264 | 55.2% |
| 32 OLD MILL CT | 2025-12 | $505,000 | 1,264 | 51.2% |
| 1123 MOHEGAN RD | 2025-01 | $950,000 | 1,228 | 47.1% |
| 1420 JANET PL | 2025-12 | $525,000 | 1,424 | 58.3% |
| 103 RACQUET RD | 2026-06 | $565,000 | 1,221 | 44.4% |
| 2710 JOHNSON ST | 2026-03 | $700,000 | 1,260 | 47.4% |
| 2710 JOHNSON ST | 2025-09 | $465,000 | 1,260 | 71.3% |
| 2580 CRESTVIEW RD | 2025-05 | $540,000 | — | 47.0% |
| 2406 CHERRY ST | 2025-09 | $680,000 | 1,348 | 55.9% |
| 2514 RAMSHORN DR | 2025-05 | $650,000 | 1,304 | 70.5% |
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