The Fair Share Report
10 Tower Rd
Edison, NJ 08820
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 $698,022 – $838,398, from 12 comparable Edison 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 Edison assessments sit below market value — republished every October, applied town-wide. A $769,621 home should be assessed near $228,500.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,500 above what the ratio math suggests (22.5%).
Step 4 · The tax rate — same for every Edison home
$3.139 Schools · 55% $0.990 County · 17% $1.595 Town · 28%
Step 5 · The bill
This home vs. every recent Edison sale · assessed ÷ market
17%46%
A touch high — worth watching
This home's ratio sits above most of Edison, but doesn't clear NJ's legal appeal line (34.14%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4805 STONEHEDGE RD | 2025-10 | $735,000 | 2,520 | 28.6% |
| 4703 STONEHEDGE RD | 2025-07 | $720,000 | 2,520 | 29.2% |
| 4404 STONEHEDGE RD | 2025-06 | $789,000 | 2,520 | 26.7% |
| 89 KING ST | 2025-08 | $1,055,000 | 2,642 | 28.9% |
| 4807 STONEHEDGE RD | 2026-05 | $785,000 | 2,671 | 28.3% |
| 3606 SPRINGBROOK DR | 2026-03 | $725,000 | 2,671 | 30.7% |
| 3601 SPRINGBROOK DR | 2025-09 | $850,500 | 2,671 | 26.2% |
| 4905 STONEHEDGE RD | 2025-04 | $820,000 | 2,671 | 27.1% |
| 138 OAKMONT CT | 2026-06 | $749,000 | 2,237 | 27.7% |
| 88 LAUREL HOLLOW CT | 2025-10 | $765,000 | 2,237 | 27.9% |
| 17 ALEXIS LANE | 2025-08 | $999,000 | 2,572 | 28.4% |
| 114 COPPERTREE CT | 2026-03 | $770,000 | 2,263 | 29.6% |
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