The Fair Share Report
2408 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 $612,330 – $914,054, from 12 comparable Wall sales in the past 18 months, at this home's 1,824 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 $760,000 home should be assessed near $454,176.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $389,524 above what the ratio math suggests (85.8%).
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%143%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (68.72%) — roughly $8,281/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1800 SHORE DR | 2026-04 | $725,000 | 1,688 | 48.8% |
| 1527 MARCONI RD | 2026-04 | $825,000 | 2,044 | 46.6% |
| 1024 17TH AVE | 2026-02 | $675,000 | 2,140 | 60.3% |
| 905 17TH AVE | 2025-09 | $800,000 | 1,920 | 48.5% |
| 4604 BROAD ST | 2026-02 | $700,000 | 1,836 | 52.0% |
| 2914 ARTHUR ST | 2025-05 | $515,000 | 1,872 | 77.5% |
| 3007 PIERCE ST | 2025-07 | $660,000 | 1,966 | 54.3% |
| 1704 GROVE ST | 2026-01 | $1,111,000 | 1,780 | 36.3% |
| 1306 MONMOUTH BLVD | 2025-09 | $640,000 | 2,250 | 53.5% |
| 1015 ATLANTIC AVE | 2025-08 | $930,000 | 1,444 | 44.2% |
| 1706 FOREST ST | 2025-11 | $1,222,222 | 1,734 | 30.6% |
| 1431 MARCONI RD | 2026-05 | $535,000 | 1,360 | 64.7% |
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