The Fair Share Report
2647 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 $1,212,368 – $1,462,864, 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 $1,382,829 home should be assessed near $826,379.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $416,421 above what the ratio math suggests (50.4%).
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%108%
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 $8,853/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2404 RIVERSIDE TERR | 2025-08 | $1,299,999 | 3,654 | 50.8% |
| 2805 WILLIAMSBURG DR | 2025-05 | $1,400,000 | 3,669 | 60.4% |
| 4040 HERBERTSVILLE RD | 2025-12 | $1,075,000 | 3,490 | 57.4% |
| 1910 ROBIN HOOD DR | 2026-06 | $1,500,000 | 3,334 | 47.0% |
| 2123 BAILEYS CORNER RD | 2025-09 | $1,550,000 | 3,931 | 22.8% |
| 1656 MARTIN RD | 2025-09 | $950,000 | 3,446 | 55.8% |
| 2501 ALLENWOOD-LAKEWOOD | 2025-01 | $1,560,000 | 3,906 | 56.7% |
| 3319 BRINLEY RD | 2025-06 | $1,200,000 | 3,843 | 46.1% |
| 2529 ALLENWOOD-LAKEWOOD | 2025-12 | $1,394,000 | 3,850 | 51.5% |
| 1801 CELESTE DR | 2025-04 | $1,150,000 | 3,344 | 59.6% |
| 1412 WINESAP DR | 2025-12 | $1,420,000 | 3,710 | 55.8% |
| 1353 TAMARACK RD | 2025-10 | $1,675,000 | 3,460 | 43.3% |
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