The Fair Share Report

912 Second 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

≈ $845,000

Likely range $688,902 – $948,347, from 12 comparable Wall sales in the past 18 months (home size estimated from assessor data — range widened).

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 $845,000 home should be assessed near $504,972.

Step 3 · Assessed value

$396,600

Set at the last town-wide revaluation and mostly frozen since. That's $108,372 below what the ratio math suggests (21.5%).

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

$8,876/yr
Public schools$5,231
Monmouth County$1,453
Town of Wall$2,192
Wall average$10,496

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

Town median 52.5%
This home · 46.9%

36%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
1024 17TH AVE2026-02$675,0002,14060.3%
2384 RIVERSIDE TERR2025-07$937,5002,04842.4%
1800 SHORE DR2026-04$725,0001,68848.8%
1641 RIVERVIEW TERR2025-07$880,0001,80044.4%
1822 SOUTH M ST2026-03$622,5002,10658.8%
1612 HWY 342025-09$745,0002,10156.6%
1527 MARCONI RD2026-04$825,0002,04446.6%
1644 RIVERVIEW TERR2026-05$710,0001,86844.9%
3007 PIERCE ST2025-07$660,0001,96654.3%
905 17TH AVE2025-09$800,0001,92048.5%
1706 FOREST ST2025-11$1,222,2221,73430.6%
3506 BELMAR BLVD2025-12$875,0002,02449.9%

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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 →