The Fair Share Report
2405 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 $985,817 – $1,419,280, 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 $1,304,035 home should be assessed near $779,291.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $162,691 below what the ratio math suggests (20.9%).
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 |
|---|---|---|---|---|
| 1609 BASS POINT RD | 2025-08 | $3,250,000 | 3,074 | 37.8% |
| 2568 CURRIER'S PL | 2025-11 | $985,000 | 2,841 | 63.4% |
| 1549 STERLING DR | 2025-07 | $1,399,000 | 3,241 | 52.5% |
| 1442 GARRETT DR | 2025-12 | $1,400,000 | 3,118 | 48.4% |
| 1310 ATLANTIC AVE | 2026-05 | $1,120,000 | 3,406 | 63.2% |
| 1998 MANOR DR | 2025-07 | $754,000 | 2,874 | 63.0% |
| 1413 CRABAPPLE DR | 2025-07 | $1,267,000 | 2,843 | 51.3% |
| 2595 LANTERN LIGHT WAY | 2025-01 | $975,000 | 2,689 | 62.7% |
| 2100 PRINCETON CT | 2025-11 | $1,275,000 | 2,970 | 55.9% |
| 2100 PRINCETON CT | 2025-05 | $865,000 | 2,970 | 82.4% |
| 3058 GOVERNOUR'S CROSSING | 2025-10 | $1,351,000 | 2,874 | 48.6% |
| 2420 RAMSHORN DR | 2025-01 | $1,270,000 | 3,586 | 55.4% |
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