The Fair Share Report
4505 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.
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Step 1 · Market value
Likely range $728,313 – $1,001,621, 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 $827,787 home should be assessed near $494,686.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,686 below what the ratio math suggests (7.4%).
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%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 |
|---|---|---|---|---|
| 1907 CRESCENT DR | 2025-03 | $825,000 | 1,896 | 61.4% |
| 3005 ALICIA DR | 2026-01 | $851,000 | 1,943 | 51.5% |
| 2703 WOOLLEY RD | 2025-05 | $765,000 | 1,997 | 40.9% |
| 3009 ALICIA DR | 2025-08 | $746,500 | 1,878 | 51.9% |
| 1120 PENNSYLVANIA AVE | 2025-08 | $940,000 | 1,887 | 50.7% |
| 2411 FAIRVIEW DR | 2025-03 | $1,299,900 | 1,865 | 38.0% |
| 3113 HARRISON ST | 2025-11 | $649,000 | 2,036 | 48.9% |
| 3422 WEST HURLEY POND RD | 2025-01 | $705,000 | 1,890 | 65.5% |
| 1623 MARIGOLD AVE | 2026-06 | $1,050,000 | 1,896 | 47.8% |
| 1908 SHERWOOD DR | 2025-12 | $1,325,000 | 1,966 | 44.7% |
| 2338 RAMSHORN DR | 2026-03 | $969,000 | 1,892 | 43.9% |
| 1617 DORIS ST | 2025-09 | $775,000 | 1,812 | 51.7% |
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