The Fair Share Report
2425 Algonkin Tr
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 $520,902 – $747,862, 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 $680,994 home should be assessed near $406,962.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,562 below what the ratio math suggests (6.0%).
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%79%
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 |
|---|---|---|---|---|
| 1337 EAST CT | 2025-09 | $550,000 | 1,457 | 28.0% |
| 906 HOMESTEAD RD | 2025-06 | $1,475,000 | 1,536 | 34.7% |
| 1219 CURTIS AVE | 2025-01 | $499,999 | 1,462 | 51.0% |
| 1830 NEW BEDFORD RD | 2025-03 | $710,000 | 1,502 | 59.7% |
| 1622 OAKWOOD RD | 2025-11 | $601,000 | 1,468 | 50.4% |
| 1612 OAKWOOD RD | 2025-03 | $730,000 | 1,468 | 44.3% |
| 2006 FAIRWAY DR | 2026-02 | $887,000 | 1,408 | 46.3% |
| 1517 VALLEY DR | 2025-03 | $500,000 | 1,641 | 62.0% |
| 1616 OAKWOOD RD | 2025-07 | $437,500 | 1,555 | 72.7% |
| 1777 BELMAR BLVD | 2025-10 | $635,000 | 1,379 | 49.2% |
| 1415 MARCONI RD | 2025-01 | $585,000 | 1,540 | 59.1% |
| 3409 LANGDON RD | 2025-04 | $750,000 | 1,492 | 54.8% |
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