The Fair Share Report
2 Pheasant Run
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 $549,720 – $655,233, 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 $609,639 home should be assessed near $181,002.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,702 below what the ratio math suggests (25.2%).
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
15%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 |
|---|---|---|---|---|
| 7402 HANA RD | 2026-06 | $479,900 | 1,540 | 22.3% |
| 8306 HANA RD | 2025-03 | $511,000 | 1,540 | 22.2% |
| 204 MAPLECREST RD | 2025-01 | $612,000 | 1,546 | 24.3% |
| 1203 MERRYWOOD DR | 2025-11 | $510,000 | 1,540 | 24.6% |
| 10 CLEMMENS CT | 2025-10 | $760,000 | 1,533 | 23.9% |
| 83 PHEASANT RUN | 2026-01 | $670,000 | 1,579 | 20.6% |
| 1 PHEASANT RUN | 2025-06 | $552,000 | 1,488 | 26.8% |
| 2 MELISSA CT | 2025-06 | $769,000 | 1,556 | 26.4% |
| 31 GATE HOUSE LANE | 2025-12 | $550,000 | 1,486 | 32.8% |
| 66 GATE HOUSE LANE | 2025-10 | $615,000 | 1,486 | 26.1% |
| 3 PARK GATE DR | 2025-09 | $630,000 | 1,486 | 28.6% |
| 4 GATE HOUSE LANE | 2025-09 | $545,000 | 1,486 | 27.1% |
Is this your house?
Run your own report →