The Fair Share Report
4609 Broad 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 $893,809 – $1,264,581, 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 $986,484 home should be assessed near $589,523.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $117,223 below what the ratio math suggests (19.9%).
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
32%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 |
|---|---|---|---|---|
| 1422 LAKEWOOD RD | 2026-03 | $957,000 | 2,094 | 51.7% |
| 2155A TERRACE PL | 2025-07 | $1,555,000 | 2,016 | 33.1% |
| 3506 BELMAR BLVD | 2025-12 | $875,000 | 2,024 | 49.9% |
| 2118 OLD MILL RD | 2025-08 | $970,000 | 2,040 | 50.2% |
| 2562 RIVER RD | 2025-04 | $1,045,000 | 2,064 | 50.1% |
| 1908 SHERWOOD DR | 2025-12 | $1,325,000 | 1,966 | 44.7% |
| 2146 SPRUCE DR | 2025-09 | $1,325,000 | 2,308 | 43.4% |
| 3422 WEST HURLEY POND RD | 2025-01 | $705,000 | 1,890 | 65.5% |
| 4604 BROAD ST | 2026-02 | $700,000 | 1,836 | 52.0% |
| 1612 HWY 34 | 2025-09 | $745,000 | 2,101 | 56.6% |
| 3412 BRANDON RD | 2025-11 | $1,300,000 | 2,401 | 40.5% |
| 1304 LENAPE TR | 2025-08 | $950,000 | 2,031 | 48.2% |
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