The Fair Share Report
2603 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 $612,374 – $985,058, 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 $771,594 home should be assessed near $461,105.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $510,195 above what the ratio math suggests (110.6%).
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%164%
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 $10,847/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1024 17TH AVE | 2026-02 | $675,000 | 2,140 | 60.3% |
| 1612 HWY 34 | 2025-09 | $745,000 | 2,101 | 56.6% |
| 2384 RIVERSIDE TERR | 2025-07 | $937,500 | 2,048 | 42.4% |
| 4404 BELMAR BLVD | 2025-04 | $730,000 | 2,712 | 71.0% |
| 3007 PIERCE ST | 2025-07 | $660,000 | 1,966 | 54.3% |
| 1800 SHORE DR | 2026-04 | $725,000 | 1,688 | 48.8% |
| 1624 DUMONT TERR | 2025-11 | $756,500 | 2,648 | 55.0% |
| 1314 WILLOW DR | 2025-12 | $1,050,000 | 2,421 | 42.3% |
| 1822 SOUTH M ST | 2026-03 | $622,500 | 2,106 | 58.8% |
| 2914 ARTHUR ST | 2025-05 | $515,000 | 1,872 | 77.5% |
| 2204 LINCRIS LN | 2025-08 | $1,800,000 | 2,180 | 35.0% |
| 2171 WINDFIELD DR | 2026-04 | $850,000 | 2,186 | 52.7% |
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