The Fair Share Report
2429 Cherry St
Wall, NJ 07059
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 $506,000 – $718,871, from 12 comparable Wall sales in the past 18 months, at this home's 936 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 $595,174 home should be assessed near $355,676.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,476 below what the ratio math suggests (17.6%).
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
35%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 |
|---|---|---|---|---|
| 2404 LENAPE TR | 2025-12 | $735,000 | 957 | 44.2% |
| 2204 HILL AVE | 2026-05 | $506,000 | 936 | 48.4% |
| 1037 THIRD AVE | 2025-12 | $490,000 | 960 | 61.0% |
| 1635 MARCONI RD | 2025-06 | $800,000 | 1,010 | 43.5% |
| 1515 WALNUT ST | 2025-06 | $775,000 | 994 | 48.2% |
| 2253 WAGNER LN | 2026-03 | $625,000 | 882 | 47.6% |
| 2572 SUMMIT RD | 2025-03 | $730,000 | 1,002 | 55.5% |
| 2011 DIANA RD | 2025-09 | $440,000 | 858 | 58.8% |
| 1014 GLENN ST | 2026-02 | $550,000 | 1,053 | 44.9% |
| 1210 MINNEHAHA TR | 2025-05 | $590,000 | 930 | 54.1% |
| 1407 EDGEMERE RD | 2026-05 | $570,000 | 1,008 | 48.5% |
| 2555 ALGONKIN TR | 2026-06 | $865,626 | 886 | 44.3% |
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