The Fair Share Report
2549 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 $610,219 – $680,797, from 12 comparable Wall sales in the past 18 months, at this home's 1,672 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 $643,077 home should be assessed near $384,303.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,306,897 above what the ratio math suggests (340.1%).
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%283%
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 $27,785/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 18 CHAPEL LN | 2026-03 | $600,000 | 1,644 | 66.3% |
| 12 COBURGH DR | 2025-09 | $650,000 | 1,644 | 61.2% |
| 5 LAIRD WAY | 2026-04 | $689,000 | 1,712 | 58.9% |
| 27 CHAPEL LN | 2026-06 | $737,000 | 1,756 | 55.4% |
| 8 LAIRD WAY | 2026-05 | $715,000 | 1,756 | 57.1% |
| 4 CHAPEL LN | 2026-05 | $669,000 | 1,756 | 61.0% |
| 16 CHAPEL LN | 2026-01 | $615,000 | 1,756 | 66.4% |
| 7 CHAPEL LN | 2025-11 | $590,000 | 1,756 | 69.2% |
| 20 LAIRD WAY | 2026-04 | $715,000 | 1,859 | 59.3% |
| 2210 XANADU LANE | 2025-06 | $650,000 | 1,540 | 58.5% |
| 1526 SUNSET TERR | 2025-04 | $861,000 | 1,828 | 45.8% |
| 1210 XANADU LANE | 2026-04 | $695,888 | 1,540 | 53.9% |
Is this your house?
Run your own report →