The Fair Share Report
2501 Easy St
Wall, NJ 08720
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Wall's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $914,833 – $1,336,448, 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 $1,159,044 home should be assessed near $692,645.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,245 below what the ratio math suggests (5.7%).
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%77%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1545 HARBOR RD | 2025-10 | $957,875 | 2,685 | 76.4% |
| 2529 CHALET DR | 2025-09 | $1,575,000 | 2,856 | 46.6% |
| 3058 GOVERNOUR'S CROSSING | 2025-10 | $1,351,000 | 2,874 | 48.6% |
| 2003 BELMAR BLVD | 2025-03 | $910,000 | 2,620 | 45.0% |
| 2100 PRINCETON CT | 2025-11 | $1,275,000 | 2,970 | 55.9% |
| 2100 PRINCETON CT | 2025-05 | $865,000 | 2,970 | 82.4% |
| 1413 CRABAPPLE DR | 2025-07 | $1,267,000 | 2,843 | 51.3% |
| 1101 HAWTHORNE PKWY | 2025-08 | $1,575,000 | 3,037 | 28.1% |
| 2568 CURRIER'S PL | 2025-11 | $985,000 | 2,841 | 63.4% |
| 2595 LANTERN LIGHT WAY | 2025-01 | $975,000 | 2,689 | 62.7% |
| 2179 WINDFIELD DR | 2025-01 | $760,000 | 2,546 | 69.4% |
| 1609 BASS POINT RD | 2025-08 | $3,250,000 | 3,074 | 37.8% |
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