The Fair Share Report

2619 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.

Step 1 · Market value

≈ $2,059,053

Likely range $1,255,126 – $2,843,446, from 12 comparable Wall sales in the past 18 months (home size estimated from assessor data — range widened).

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 $2,059,053 home should be assessed near $1,230,490.

Step 3 · Assessed value

$1,480,400

Set at the last town-wide revaluation and mostly frozen since. That's $249,910 above what the ratio math suggests (20.3%).

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

$32,712/yr
Public schools$19,280
Monmouth County$5,355
Town of Wall$8,078
Wall average$10,496

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

Town median 52.5%
This home · 71.9%

36%123%

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)

AddressSoldPriceSq ftRatio
2403 RIVERSIDE TERR2025-06$3,000,0004,76544.5%
2128 SHADOW LN2025-09$2,635,0005,18448.7%
2121 DUMONT TERR2025-05$870,0004,10661.7%
1741 AZURE DR2025-11$1,600,0004,85062.7%
1706 MARTIN RD2025-07$1,500,0004,75758.4%
1903 SHADOW BROOK DR2025-10$1,600,0005,86360.9%
1413 GULLY RD2026-01$2,475,0004,73038.8%
2547 RIVER RD2025-10$4,850,0004,33427.3%
2528 RIVER RD2026-01$1,400,0004,07459.5%
2113 SHADOW BROOK DR2025-07$1,550,0005,79567.0%
1109 SEA GIRT AVE2025-02$1,950,0003,71841.5%
3104 ALLAIRE RD2025-06$1,165,0004,24863.5%

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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 →