The Fair Share Report
2520 River Rd
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.
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Step 1 · Market value
Likely range $1,102,323 – $1,523,421, 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 $1,322,413 home should be assessed near $790,274.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,226 above what the ratio math suggests (5.2%).
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%81%
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 |
|---|---|---|---|---|
| 2121 DUMONT TERR | 2025-05 | $870,000 | 4,106 | 61.7% |
| 2404 RIVERSIDE TERR | 2025-08 | $1,299,999 | 3,654 | 50.8% |
| 2528 RIVER RD | 2026-01 | $1,400,000 | 4,074 | 59.5% |
| 2705 BUCHANAN ST | 2025-11 | $599,000 | 3,101 | 82.1% |
| 4803 MEGILL RD | 2025-07 | $877,500 | 3,046 | 59.9% |
| 2805 WILLIAMSBURG DR | 2025-05 | $1,400,000 | 3,669 | 60.4% |
| 1109 SEA GIRT AVE | 2025-02 | $1,950,000 | 3,718 | 41.5% |
| 4040 HERBERTSVILLE RD | 2025-12 | $1,075,000 | 3,490 | 57.4% |
| 2123 BAILEYS CORNER RD | 2025-09 | $1,550,000 | 3,931 | 22.8% |
| 2547 RIVER RD | 2025-10 | $4,850,000 | 4,334 | 27.3% |
| 2501 ALLENWOOD-LAKEWOOD | 2025-01 | $1,560,000 | 3,906 | 56.7% |
| 1910 ROBIN HOOD DR | 2026-06 | $1,500,000 | 3,334 | 47.0% |
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