The Fair Share Report
7 Iris Ln
Wallington, NJ 07057
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 $515,388 – $772,591, from 12 comparable Wallington 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 Wallington assessments sit below market value — republished every October, applied town-wide. A $668,750 home should be assessed near $647,083.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,283 below what the ratio math suggests (7.5%).
Step 4 · The tax rate — same for every Wallington home
$1.011 Schools · 52% $0.226 County · 12% $0.714 Town · 37%
This home's own bill implies $1.908 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Wallington sale · assessed ÷ market
62%122%
Paying about right
This home's ratio lands inside Wallington'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 |
|---|---|---|---|---|
| 7 AZALEA DRIVE | 2026-03 | $739,000 | 1,465 | 78.0% |
| 170 MT PLEASANT AVENUE | 2025-01 | $980,000 | 1,470 | 72.3% |
| 28 SPRING COURT | 2025-07 | $765,000 | 1,717 | 82.8% |
| 96 KOSTER STREET | 2025-06 | $646,000 | 1,440 | 79.1% |
| 80 KOSTER STREET | 2026-06 | $930,000 | 1,843 | 65.1% |
| 6 DORIS LANE | 2025-09 | $470,000 | 1,488 | 84.7% |
| 6 JEANINE LANE | 2025-03 | $415,000 | 1,488 | 90.7% |
| 34 WILLIAM STREET | 2026-01 | $560,000 | 1,280 | 80.5% |
| 260 MAPLE AVENUE | 2025-04 | $725,000 | 1,444 | 80.3% |
| 31 WADSWORTH STREET | 2025-06 | $694,000 | 1,830 | 83.6% |
| 25 MICHAEL LANE | 2025-12 | $518,000 | 1,440 | 75.5% |
| 104 HAYWARD PLACE | 2026-05 | $760,000 | 1,280 | 64.4% |
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