The Fair Share Report
11 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 $568,789 – $625,119, 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 $579,268 home should be assessed near $171,985.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,715 above what the ratio math suggests (55.7%).
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%53%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (34.14%) — roughly $5,479/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 106 DELLWOOD RD | 2025-09 | $720,000 | 1,576 | 25.5% |
| 23 BARLOW RD | 2026-02 | $565,000 | 1,632 | 28.6% |
| 204 MAPLECREST RD | 2025-01 | $612,000 | 1,546 | 24.3% |
| 83 PHEASANT RUN | 2026-01 | $670,000 | 1,579 | 20.6% |
| 47 PARK GATE DR | 2025-08 | $630,000 | 1,578 | 29.2% |
| 14 CARRIAGE PL | 2025-08 | $630,000 | 1,578 | 29.1% |
| 1 PHEASANT RUN | 2025-06 | $552,000 | 1,488 | 26.8% |
| 18 WESTGATE DR | 2026-06 | $600,000 | 1,604 | 26.4% |
| 272 WESTGATE DR | 2026-06 | $615,000 | 1,604 | 24.7% |
| 498 WESTGATE DR | 2026-05 | $605,000 | 1,604 | 26.2% |
| 51 WESTGATE DR | 2026-05 | $590,000 | 1,604 | 26.9% |
| 29 WESTGATE DR | 2026-04 | $601,000 | 1,604 | 26.4% |
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