The Fair Share Report
4502 Spring 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $578,218 – $775,806, 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 $727,959 home should be assessed near $435,028.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $72,228 below what the ratio math suggests (16.6%).
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 |
|---|---|---|---|---|
| 2580 CRESTVIEW RD | 2025-05 | $540,000 | — | 47.0% |
| 1420 JANET PL | 2025-12 | $525,000 | 1,424 | 58.3% |
| 2202 LINCRIS LN | 2025-07 | $1,225,000 | 1,576 | 42.7% |
| 3409 LANGDON RD | 2025-04 | $750,000 | 1,492 | 54.8% |
| 4607 BROAD ST | 2025-11 | $740,000 | 1,475 | 51.0% |
| 2814 PIERCE ST | 2025-05 | $425,000 | 1,588 | 88.3% |
| 1215 MINTWOOD LN | 2025-07 | $807,000 | 1,382 | 55.2% |
| 2406 CHERRY ST | 2025-09 | $680,000 | 1,348 | 55.9% |
| 24 OLD MILL CT | 2026-05 | $580,000 | 1,386 | 44.3% |
| 1523 MARCONI RD | 2025-07 | $691,000 | 1,308 | 53.7% |
| 1612 OAKWOOD RD | 2025-03 | $730,000 | 1,468 | 44.3% |
| 1830 NEW BEDFORD RD | 2025-03 | $710,000 | 1,502 | 59.7% |
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