The Fair Share Report
15 Jonathan Dr
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 $787,496 – $847,685, 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 $817,905 home should be assessed near $242,836.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,136 below what the ratio math suggests (1.7%).
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%40%
Paying about right
This home's ratio lands inside Edison's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 37 DALE DR | 2026-05 | $815,000 | 1,964 | 27.5% |
| 6 MOCKINGBIRD RD | 2025-07 | $850,000 | 2,001 | 26.5% |
| 63 LAURA AVE | 2025-01 | $825,500 | 1,982 | 30.5% |
| 62 LAURA AVE | 2026-05 | $837,000 | 1,958 | 26.5% |
| 24 TIMBER RD | 2025-06 | $650,000 | 1,968 | 18.5% |
| 28 LIVINGSTON AVE | 2025-06 | $836,000 | 1,973 | 24.5% |
| 26 TIMBER RD | 2026-02 | $780,000 | 1,924 | 27.6% |
| 4 WHITEWOOD RD | 2025-06 | $880,000 | 2,178 | 28.1% |
| 6 WAYNE CT | 2025-10 | $825,000 | 1,822 | 28.6% |
| 6 VENTNOR DR | 2025-08 | $848,000 | 1,800 | 25.4% |
| 40 MONTCLAIR AVE | 2025-09 | $808,500 | 2,100 | 28.7% |
| 40 MONTCLAIR AVE | 2025-03 | $625,000 | 2,100 | 37.1% |
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