The Fair Share Report

2811 Johnson St

Wall, NJ 07719

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

≈ $698,351

Likely range $543,623 – $846,833, 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 $698,351 home should be assessed near $417,335.

Step 3 · Assessed value

$278,800

Set at the last town-wide revaluation and mostly frozen since. That's $138,535 below what the ratio math suggests (33.2%).

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

$6,189/yr
Public schools$3,648
Monmouth County$1,013
Town of Wall$1,528
Wall average$10,496

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

Town median 52.5%
This home · 39.9%

27%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)

AddressSoldPriceSq ftRatio
1420 JANET PL2025-12$525,0001,42458.3%
1215 MINTWOOD LN2025-07$807,0001,38255.2%
3409 LANGDON RD2025-04$750,0001,49254.8%
1622 OAKWOOD RD2025-11$601,0001,46850.4%
1612 OAKWOOD RD2025-03$730,0001,46844.3%
1103 MOHEGAN RD2026-05$900,0001,21542.1%
2514 RAMSHORN DR2025-05$650,0001,30470.5%
1616 OAKWOOD RD2025-07$437,5001,55572.7%
2202 LINCRIS LN2025-07$1,225,0001,57642.7%
24 OLD MILL CT2026-05$580,0001,38644.3%
1830 NEW BEDFORD RD2025-03$710,0001,50259.7%
1123 MOHEGAN RD2025-01$950,0001,22847.1%

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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 →