The Fair Share Report
431 Oval 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 $1,125,125 – $1,641,360, 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 $1,392,059 home should be assessed near $831,894.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $94,394 below what the ratio math suggests (11.3%).
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%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2227 CHRISTOPHER WAY | 2026-01 | $1,450,000 | 3,679 | 60.2% |
| 2567 RIVER RD | 2026-03 | $4,900,000 | 3,621 | 27.2% |
| 3411 SLEEPY HOLLOW CT | 2025-01 | $825,000 | 3,550 | 67.5% |
| 2420 RAMSHORN DR | 2025-01 | $1,270,000 | 3,586 | 55.4% |
| 1310 ATLANTIC AVE | 2026-05 | $1,120,000 | 3,406 | 63.2% |
| 2502 SPARROWBUSH LN | 2025-08 | $1,060,000 | 3,727 | 66.0% |
| 2571 MORNINGSTAR RD | 2025-01 | $1,555,000 | 3,550 | 43.2% |
| 1114 LAUREL AVE | 2026-03 | $2,499,900 | 3,860 | 36.1% |
| 5106 MARSHALL RD | 2025-01 | $999,999 | 4,008 | 73.5% |
| 1412 WINESAP DR | 2025-12 | $1,420,000 | 3,710 | 55.8% |
| 1605 LAKEWOOD RD | 2025-08 | $1,455,000 | 3,599 | 61.7% |
| 1510 PRIMROSE PL | 2025-10 | $1,225,000 | 3,786 | 61.6% |
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