The Fair Share Report
2575 Algonkin Tr
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.
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Step 1 · Market value
Likely range $890,276 – $1,245,719, 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 $1,060,661 home should be assessed near $633,851.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,751 below what the ratio math suggests (5.5%).
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%74%
Paying about right
This home's ratio lands inside Wall's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1334 WILLOW DR | 2025-10 | $1,450,000 | 2,869 | 45.4% |
| 1548 LOGAN DR | 2026-04 | $1,550,000 | 2,612 | 40.6% |
| 1998 MANOR DR | 2025-07 | $754,000 | 2,874 | 63.0% |
| 3422 GLEN OAKS LN | 2025-03 | $900,000 | 2,392 | 64.3% |
| 3434 GLEN OAKS LN | 2025-09 | $935,000 | 2,392 | 62.2% |
| 2216 HILL AVE | 2026-01 | $1,249,000 | 2,701 | 42.6% |
| 3028 QUAIL RIDGE BLVD | 2025-09 | $750,000 | 2,364 | 76.8% |
| 2568 CURRIER'S PL | 2025-11 | $985,000 | 2,841 | 63.4% |
| 1890 CLEVELAND AVE | 2025-11 | $999,000 | 2,424 | 54.3% |
| 4052 HERON DR | 2026-03 | $902,000 | 2,364 | 63.8% |
| 540 SHARK RIVER STATION | 2025-10 | $822,000 | 3,080 | 75.1% |
| 2409 GREENTREE DR | 2026-03 | $768,500 | 2,290 | 59.6% |
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