The Fair Share Report
76 Maple Ave
Wallington, NJ 07070
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 $655,956 – $846,362, 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 $728,131 home should be assessed near $704,540.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $178,640 below what the ratio math suggests (25.4%).
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
57%105%
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 |
|---|---|---|---|---|
| 37 WILLIAM STREET | 2025-01 | $626,000 | 1,800 | 83.8% |
| 92 MAPLE AVENUE | 2025-11 | $855,500 | 1,986 | 69.1% |
| 131 PATERSON AVENUE | 2026-05 | $780,000 | 2,219 | 83.0% |
| 29 MT PLEASANT AVENUE | 2026-03 | $729,900 | 1,914 | 81.5% |
| 46-48 TUTTLE STREET | 2025-02 | $1,335,000 | 2,065 | 75.2% |
| 320 HAYWARD PLACE | 2025-09 | $700,000 | 1,950 | 77.6% |
| 28 LESTER STREET | 2025-07 | $615,000 | 1,777 | 74.4% |
| 17 BOND STREET | 2025-12 | $545,000 | 1,656 | 62.7% |
| 80 KOSTER STREET | 2026-06 | $930,000 | 1,843 | 65.1% |
| 224 HAYWARD PLACE | 2026-03 | $699,000 | 1,822 | 89.3% |
| 31 WADSWORTH STREET | 2025-06 | $694,000 | 1,830 | 83.6% |
| 187 WALLINGTON AVENUE | 2025-08 | $648,000 | 1,612 | 75.8% |
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