The Fair Share Report

909 Third Ave

Wall, NJ 07719

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.

Step 1 · Market value

≈ $573,750

Likely range $518,677 – $682,434, from 12 comparable Wall sales in the past 18 months, at this home's 986 sq ft.

Step 2 · The Director's Ratio

59.76%

The state's official measure of how far Wall assessments sit below market value — republished every October, applied town-wide. A $573,750 home should be assessed near $342,873.

Step 3 · Assessed value

$253,100

Set at the last town-wide revaluation and mostly frozen since. That's $89,773 below what the ratio math suggests (26.2%).

Step 4 · The tax rate — same for every Wall home

$2.126 per $100 assessed

$1.253 Schools · 59% $0.348 County · 16% $0.525 Town · 25%

Step 5 · The bill

$5,664/yr
Public schools$3,338
Monmouth County$927
Town of Wall$1,399
Wall average$10,496

This home vs. every recent Wall sale · assessed ÷ market

Town median 52.5%
This home · 44.1%

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)

AddressSoldPriceSq ftRatio
1407 EDGEMERE RD2026-05$570,0001,00848.5%
1429 MARCONI RD2026-03$505,00096049.1%
1027 SECOND AVE2025-12$540,00092846.8%
2131 LOCUST RD2025-03$688,00090750.3%
1409 VALLEY DR2025-03$585,00092045.4%
1210 MINNEHAHA TR2025-05$590,00093054.1%
3118 ARTHUR ST2025-08$360,0001,05465.5%
2204 HILL AVE2026-05$506,00093648.4%
2404 LENAPE TR2025-12$735,00095744.2%
1625 W MAPLEWOOD RD2025-11$600,0001,21246.1%
1116 17TH AVE2025-10$580,00083843.9%
1648 RIVERVIEW TERR2025-06$575,0001,13653.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →