The Fair Share Report
72 Maple Ave
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.
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Step 1 · Market value
Likely range $873,092 – $1,089,830, 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 $959,663 home should be assessed near $928,570.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,570 below what the ratio math suggests (3.8%).
Step 4 · The tax rate — same for every Wallington home
$1.011 Schools · 52% $0.226 County · 12% $0.714 Town · 37%
Step 5 · The bill
This home vs. every recent Wallington sale · assessed ÷ market
62%108%
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 |
|---|---|---|---|---|
| 48 LESTER STREET | 2025-03 | $870,000 | 2,981 | 71.6% |
| 82-84 MAPLE AVENUE | 2025-12 | $897,000 | 2,642 | 79.9% |
| 154 MT PLEASANT AVENUE | 2025-05 | $1,105,000 | 2,874 | 83.3% |
| 122 MAPLE AVENUE | 2025-06 | $900,000 | 2,851 | 76.0% |
| 124 JOHNSON AVENUE | 2025-07 | $990,000 | 3,288 | 94.9% |
| 125 MAPLE AVENUE | 2025-05 | $710,000 | 2,700 | 92.3% |
| 28 FIRST STREET | 2026-02 | $980,000 | 3,190 | 98.2% |
| 119 HALSTEAD AVENUE | 2026-03 | $765,000 | 2,587 | 75.1% |
| 6 HILLSIDE TERRACE | 2026-05 | $1,275,000 | 2,662 | 73.0% |
| 9 MT CEDAR AVENUE | 2025-03 | $910,000 | 2,668 | 91.5% |
| 239 WALLINGTON AVENUE | 2026-01 | $975,000 | 3,494 | 95.0% |
| 131 PATERSON AVENUE | 2026-05 | $780,000 | 2,219 | 83.0% |
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