The Fair Share Report
2423 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 $717,805 – $906,677, 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 $801,755 home should be assessed near $479,129.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,329 below what the ratio math suggests (2.2%).
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%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 |
|---|---|---|---|---|
| 11 TARPON DR | 2026-02 | $785,000 | 2,002 | 53.8% |
| 196 TARPON DR | 2026-01 | $725,000 | 2,002 | 56.1% |
| 106 TARPON DR | 2025-09 | $750,000 | 2,002 | 53.9% |
| 2060 BENJAMIN CIR | 2025-08 | $715,000 | 2,016 | 59.8% |
| 2205 MONMOUTH BLVD | 2025-08 | $775,000 | 2,168 | 52.9% |
| 2562 RIVER RD | 2025-04 | $1,045,000 | 2,064 | 50.1% |
| 22 TARPON DR | 2025-06 | $780,000 | 1,972 | 52.7% |
| 4709 MEGILL RD | 2025-12 | $840,000 | 2,054 | 57.7% |
| 2118 OLD MILL RD | 2025-08 | $970,000 | 2,040 | 50.2% |
| 142 TARPON DR | 2025-09 | $757,500 | 2,140 | 55.2% |
| 3005 ALICIA DR | 2026-01 | $851,000 | 1,943 | 51.5% |
| 2409 ROBIN WAY | 2026-05 | $790,000 | 2,046 | 56.8% |
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