The Fair Share Report
16 First St
Edison, NJ 08837
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 $390,181 – $543,125, 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 $510,333 home should be assessed near $151,518.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,918 below what the ratio math suggests (10.5%).
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%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 |
|---|---|---|---|---|
| 275 HOOVER AVE | 2025-10 | $485,000 | 1,440 | 25.4% |
| 189 OLD POST RD | 2025-10 | $450,000 | 1,440 | 24.1% |
| 16 CHAPEL ST | 2025-10 | $419,000 | 1,403 | 26.4% |
| 150 PROSPECT AVE | 2025-01 | $436,000 | 1,440 | 27.4% |
| 12 SIXTH ST | 2025-10 | $575,000 | 1,404 | 23.2% |
| 61 DULEY AVE | 2026-06 | $400,000 | 1,440 | 30.2% |
| 23 MORGAN DR | 2025-05 | $547,000 | 1,440 | 25.2% |
| 57 COLUMBUS AVE | 2026-01 | $525,000 | 1,396 | 26.4% |
| 23 OLD POST RD | 2025-10 | $530,000 | 1,400 | 27.0% |
| 58 ROSE ST | 2025-10 | $525,200 | 1,326 | 24.2% |
| 12 BROOKVILLE RD | 2025-12 | $550,000 | 1,359 | 24.2% |
| 24 MORGAN DR | 2026-06 | $435,000 | 1,440 | 27.4% |
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