The Fair Share Report

2604 Kipling Ave

Wall, NJ 07762

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.

Step 1 · Market value

≈ $874,413

Likely range $825,606 – $1,019,509, from 12 comparable Wall sales in the past 18 months, at this home's 2,237 sq ft.

Step 2 · The Director's Ratio

59.76%

The state's official measure of how far Wall assessments sit below market value — republished every October, applied town-wide. A $874,413 home should be assessed near $522,549.

Step 3 · Assessed value

$1,444,100

Set at the last town-wide revaluation and mostly frozen since. That's $921,551 above what the ratio math suggests (176.4%).

Step 4 · The tax rate — same for every Wall home

$2.126 per $100 assessed

$1.253 Schools · 59% $0.348 County · 16% $0.525 Town · 25%

Step 5 · The bill

$32,319/yr
Public schools$19,048
Monmouth County$5,290
Town of Wall$7,981
Wall average$10,496

This home vs. every recent Wall sale · assessed ÷ market

Town median 52.5%
This home · 165.2%

36%180%

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 $19,592/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
3303 BEECHWOOD CT2026-02$900,0002,19461.2%
4052 HERON DR2026-03$902,0002,36463.8%
3028 QUAIL RIDGE BLVD2025-09$750,0002,36476.8%
1602A W PINE TREE RD2025-11$1,215,0002,19640.0%
2409 GREENTREE DR2026-03$768,5002,29059.6%
2403 GREENTREE DR2025-08$750,0002,29061.0%
3434 GLEN OAKS LN2025-09$935,0002,39262.2%
3422 GLEN OAKS LN2025-03$900,0002,39264.3%
1890 CLEVELAND AVE2025-11$999,0002,42454.3%
1012 GLENN ST2025-12$1,275,0002,01438.5%
1700 M ST2025-06$1,150,0002,20044.3%
20 LAIRD WAY2026-04$715,0001,85959.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →