The Fair Share Report
3 Michael Ln
Wallington, NJ 07458
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 $557,412 – $699,294, from 12 comparable Wallington 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 Wallington assessments sit below market value — republished every October, applied town-wide. A $650,821 home should be assessed near $629,734.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $231,734 below what the ratio math suggests (36.8%).
Step 4 · The tax rate — same for every Wallington home
$1.011 Schools · 52% $0.226 County · 12% $0.714 Town · 37%
Step 5 · The bill
This home vs. every recent Wallington sale · assessed ÷ market
51%105%
Keep quiet and enjoy it
This home's assessment ratio sits below the Wallington pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 6 DORIS LANE | 2025-09 | $470,000 | 1,488 | 84.7% |
| 6 JEANINE LANE | 2025-03 | $415,000 | 1,488 | 90.7% |
| 25 MICHAEL LANE | 2025-12 | $518,000 | 1,440 | 75.5% |
| 224 HAYWARD PLACE | 2026-03 | $699,000 | 1,822 | 89.3% |
| 37 WILLIAM STREET | 2025-01 | $626,000 | 1,800 | 83.8% |
| 31 WADSWORTH STREET | 2025-06 | $694,000 | 1,830 | 83.6% |
| 80 KOSTER STREET | 2026-06 | $930,000 | 1,843 | 65.1% |
| 28 LESTER STREET | 2025-07 | $615,000 | 1,777 | 74.4% |
| 32 HAYWARD PLACE | 2026-04 | $660,000 | 2,484 | 80.9% |
| 29 MT PLEASANT AVENUE | 2026-03 | $729,900 | 1,914 | 81.5% |
| 28 SPRING COURT | 2025-07 | $765,000 | 1,717 | 82.8% |
| 196 HAYWARD PLACE | 2026-01 | $557,000 | 1,702 | 76.0% |
Is this your house?
Run your own report →