The Fair Share Report
14 Tower Rd
Edison, NJ 08820
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Edison's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $489,176 – $702,802, 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 $646,038 home should be assessed near $191,809.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,109 below what the ratio math suggests (12.6%).
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%40%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 21 WILK RD | 2026-04 | $700,000 | 1,506 | 28.3% |
| 1 HALLO ST | 2026-01 | $695,000 | 1,604 | 30.2% |
| 196 W GRANT AVE | 2025-09 | $635,000 | 1,397 | 30.0% |
| 23 BROX RD | 2025-01 | $636,000 | 1,532 | 30.4% |
| 3 BROX RD | 2026-05 | $635,000 | 1,418 | 25.0% |
| 116 PLAYER AVE | 2025-10 | $560,000 | 1,478 | 28.3% |
| 24 MAGEE RD | 2026-03 | $530,000 | 1,598 | 29.5% |
| 42 LARCHMONT RD | 2025-06 | $400,000 | 1,578 | 57.8% |
| 23 BARLOW RD | 2026-02 | $565,000 | 1,632 | 28.6% |
| 24 MORGAN DR | 2026-06 | $435,000 | 1,440 | 27.4% |
| 106 DELLWOOD RD | 2025-09 | $720,000 | 1,576 | 25.5% |
| 37 CHAPEL ST | 2026-01 | $575,000 | 1,404 | 27.3% |
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