The Fair Share Report
4607 Spring St
Wall, NJ 07753
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 $807,808 – $1,316,584, 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 $905,814 home should be assessed near $541,314.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $96,314 below what the ratio math suggests (17.8%).
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
28%74%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1908 SHERWOOD DR | 2025-12 | $1,325,000 | 1,966 | 44.7% |
| 2155A TERRACE PL | 2025-07 | $1,555,000 | 2,016 | 33.1% |
| 3005 ALICIA DR | 2026-01 | $851,000 | 1,943 | 51.5% |
| 3009 ALICIA DR | 2025-08 | $746,500 | 1,878 | 51.9% |
| 3506 BELMAR BLVD | 2025-12 | $875,000 | 2,024 | 49.9% |
| 1422 LAKEWOOD RD | 2026-03 | $957,000 | 2,094 | 51.7% |
| 3422 WEST HURLEY POND RD | 2025-01 | $705,000 | 1,890 | 65.5% |
| 2118 OLD MILL RD | 2025-08 | $970,000 | 2,040 | 50.2% |
| 1907 CRESCENT DR | 2025-03 | $825,000 | 1,896 | 61.4% |
| 2562 RIVER RD | 2025-04 | $1,045,000 | 2,064 | 50.1% |
| 1304 LENAPE TR | 2025-08 | $950,000 | 2,031 | 48.2% |
| 2411 FAIRVIEW DR | 2025-03 | $1,299,900 | 1,865 | 38.0% |
Is this your house?
Run your own report →