The Fair Share Report
2559 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 $1,146,470 – $1,747,025, 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 $1,418,469 home should be assessed near $847,677.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $382,423 above what the ratio math suggests (45.1%).
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%113%
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 $8,130/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1412 WINESAP DR | 2025-12 | $1,420,000 | 3,710 | 55.8% |
| 1510 PRIMROSE PL | 2025-10 | $1,225,000 | 3,786 | 61.6% |
| 2502 SPARROWBUSH LN | 2025-08 | $1,060,000 | 3,727 | 66.0% |
| 2808 CONCORD DR | 2026-01 | $2,040,000 | 3,866 | 48.2% |
| 2571 MORNINGSTAR RD | 2025-01 | $1,555,000 | 3,550 | 43.2% |
| 1353 TAMARACK RD | 2025-10 | $1,675,000 | 3,460 | 43.3% |
| 2420 RAMSHORN DR | 2025-01 | $1,270,000 | 3,586 | 55.4% |
| 2227 CHRISTOPHER WAY | 2026-01 | $1,450,000 | 3,679 | 60.2% |
| 2322 ORCHARD CREST BLVD | 2025-01 | $1,514,000 | 3,333 | 47.5% |
| 3319 BRINLEY RD | 2025-06 | $1,200,000 | 3,843 | 46.1% |
| 2529 ALLENWOOD-LAKEWOOD | 2025-12 | $1,394,000 | 3,850 | 51.5% |
| 2805 WILLIAMSBURG DR | 2025-05 | $1,400,000 | 3,669 | 60.4% |
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