The Fair Share Report
340 Ace Dr
Wall, NJ 07719
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Wall's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $570,528 – $727,263, 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 $620,577 home should be assessed near $370,857.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,657 below what the ratio math suggests (12.3%).
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%74%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 394 DEUCE DR | 2026-01 | $615,000 | 1,654 | 56.2% |
| 384 DEUCE DR | 2025-12 | $575,000 | 1,654 | 57.1% |
| 368 VOLLEY CT | 2025-07 | $574,000 | 1,654 | 57.4% |
| 408 DEUCE DR | 2025-05 | $575,000 | 1,654 | 57.3% |
| 316 LOVE LN | 2025-05 | $619,000 | 1,654 | 57.1% |
| 212 TENNIS CT | 2025-04 | $650,000 | 1,654 | 54.5% |
| 328 ACE DR | 2025-03 | $575,000 | 1,654 | 59.6% |
| 2552 HEATHROW LN | 2025-04 | $830,000 | 1,789 | 63.3% |
| 12 RACQUET RD | 2026-03 | $525,400 | 1,654 | 62.5% |
| 32 RACQUET RD | 2025-11 | $555,000 | 1,654 | 60.1% |
| 2550 COLLIER RD | 2025-03 | $762,500 | 1,801 | 69.8% |
| 2530 MORNINGSTAR RD | 2025-02 | $906,000 | 1,798 | 58.5% |
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