The Fair Share Report
2533 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 $883,649 – $1,100,100, 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 $1,031,351 home should be assessed near $616,335.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $530,465 above what the ratio math suggests (86.1%).
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%135%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (68.72%) — roughly $11,278/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1406 FRANCES DR | 2025-06 | $1,110,000 | 2,432 | 47.7% |
| 3412 BRANDON RD | 2025-11 | $1,300,000 | 2,401 | 40.5% |
| 2146 SPRUCE DR | 2025-09 | $1,325,000 | 2,308 | 43.4% |
| 1314 WILLOW DR | 2025-12 | $1,050,000 | 2,421 | 42.3% |
| 1903 CRESCENT DR | 2026-05 | $885,000 | 2,307 | 62.9% |
| 2179 WINDFIELD DR | 2025-01 | $760,000 | 2,546 | 69.4% |
| 1422 LAKEWOOD RD | 2026-03 | $957,000 | 2,094 | 51.7% |
| 3506 BELMAR BLVD | 2025-12 | $875,000 | 2,024 | 49.9% |
| 1494 OCEAN RD | 2025-07 | $1,075,000 | 2,442 | 46.8% |
| 2212 GLENMERE CT | 2025-05 | $989,999 | 2,366 | 47.2% |
| 1314 WINDING BROOK LN | 2025-12 | $975,000 | 2,731 | 57.9% |
| 2155A TERRACE PL | 2025-07 | $1,555,000 | 2,016 | 33.1% |
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