The Fair Share Report
2529 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,218,213 – $2,668,334, 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 $1,928,852 home should be assessed near $1,152,682.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $368,918 above what the ratio math suggests (32.0%).
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%130%
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 |
|---|---|---|---|---|
| 3104 ALLAIRE RD | 2025-06 | $1,165,000 | 4,248 | 63.5% |
| 2102 PRINCETON CT | 2025-07 | $1,600,000 | 4,121 | 41.7% |
| 2113 SHADOW BROOK DR | 2025-07 | $1,550,000 | 5,795 | 67.0% |
| 1706 MARTIN RD | 2025-07 | $1,500,000 | 4,757 | 58.4% |
| 2547 RIVER RD | 2025-10 | $4,850,000 | 4,334 | 27.3% |
| 1903 SHADOW BROOK DR | 2025-10 | $1,600,000 | 5,863 | 60.9% |
| 2128 SHADOW LN | 2025-09 | $2,635,000 | 5,184 | 48.7% |
| 2808 CONCORD DR | 2026-01 | $2,040,000 | 3,866 | 48.2% |
| 1609 SHERIDAN DR | 2025-09 | $1,800,000 | 4,193 | 47.5% |
| 2403 RIVERSIDE TERR | 2025-06 | $3,000,000 | 4,765 | 44.5% |
| 442 OVAL RD | 2025-09 | $1,700,000 | 4,247 | 47.3% |
| 142 OVAL RD | 2025-12 | $1,770,000 | 4,247 | 44.0% |
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