The Fair Share Report
2553 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 $942,031 – $1,439,496, from 12 comparable Wall sales in the past 18 months, at this home's 3,270 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 $1,214,600 home should be assessed near $725,845.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $568,155 above what the ratio math suggests (78.3%).
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%143%
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 $12,079/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4803 MEGILL RD | 2025-07 | $877,500 | 3,046 | 59.9% |
| 2705 BUCHANAN ST | 2025-11 | $599,000 | 3,101 | 82.1% |
| 4404 BELMAR BLVD | 2025-04 | $730,000 | 2,712 | 71.0% |
| 1624 DUMONT TERR | 2025-11 | $756,500 | 2,648 | 55.0% |
| 2806 BUCHANAN ST | 2025-03 | $1,200,000 | 2,800 | 50.4% |
| 1109 SEA GIRT AVE | 2025-02 | $1,950,000 | 3,718 | 41.5% |
| 1494 OCEAN RD | 2025-07 | $1,075,000 | 2,442 | 46.8% |
| 1910 ROBIN HOOD DR | 2026-06 | $1,500,000 | 3,334 | 47.0% |
| 1609 REVERE LN | 2025-09 | $1,297,500 | 3,248 | 59.9% |
| 1018 JEFFERSON AVE | 2024-12 | $1,225,000 | 3,298 | 54.4% |
| 1549 STERLING DR | 2025-07 | $1,399,000 | 3,241 | 52.5% |
| 2322 ORCHARD CREST BLVD | 2025-01 | $1,514,000 | 3,333 | 47.5% |
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