The Fair Share Report
2565 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 $640,036 – $938,044, 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 $748,389 home should be assessed near $447,237.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $467,963 above what the ratio math suggests (104.6%).
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%148%
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 $9,949/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1644 RIVERVIEW TERR | 2026-05 | $710,000 | 1,868 | 44.9% |
| 2384 RIVERSIDE TERR | 2025-07 | $937,500 | 2,048 | 42.4% |
| 2816 MC KINLEY ST | 2026-05 | $795,000 | 2,072 | 43.3% |
| 2914 ARTHUR ST | 2025-05 | $515,000 | 1,872 | 77.5% |
| 1612 HWY 34 | 2025-09 | $745,000 | 2,101 | 56.6% |
| 1307 W MAGNOLIA AVE | 2025-04 | $917,000 | 1,816 | 47.2% |
| 2174 BEGONIA AVE | 2026-01 | $750,000 | 1,756 | 57.6% |
| 1706 FOREST ST | 2025-11 | $1,222,222 | 1,734 | 30.6% |
| 3007 PIERCE ST | 2025-07 | $660,000 | 1,966 | 54.3% |
| 2897 HWY 138 | 2025-12 | $600,000 | 1,716 | 45.5% |
| 1417 VALLEY DR | 2025-09 | $610,000 | 1,883 | 47.0% |
| 2909 ARTHUR ST | 2025-08 | $530,000 | 1,644 | 47.2% |
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