The Fair Share Report
4501 Spring St
Wall, NJ 07753
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 $567,543 – $830,939, 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 $656,269 home should be assessed near $392,186.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,214 above what the ratio math suggests (5.4%).
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%78%
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 |
|---|---|---|---|---|
| 2814 PIERCE ST | 2025-05 | $425,000 | 1,588 | 88.3% |
| 3228 ALLAIRE RD | 2025-11 | $749,000 | 1,608 | 35.0% |
| 1616 OAKWOOD RD | 2025-07 | $437,500 | 1,555 | 72.7% |
| 3409 LANGDON RD | 2025-04 | $750,000 | 1,492 | 54.8% |
| 2202 LINCRIS LN | 2025-07 | $1,225,000 | 1,576 | 42.7% |
| 1630 OAKWOOD RD | 2026-01 | $720,000 | 1,688 | 42.3% |
| 1731 GROVE ST | 2026-05 | $632,500 | 1,734 | 52.0% |
| 3010 ATLANTIC AVE | 2025-10 | $665,000 | 1,680 | 53.9% |
| 3001 HARRISON ST | 2025-07 | $600,000 | 1,558 | 56.0% |
| 4607 BROAD ST | 2025-11 | $740,000 | 1,475 | 51.0% |
| 1622 OAKWOOD RD | 2025-11 | $601,000 | 1,468 | 50.4% |
| 1612 OAKWOOD RD | 2025-03 | $730,000 | 1,468 | 44.3% |
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