The Fair Share Report
20 Maple St
Edgewater, NJ 07020
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 $804,198 – $1,130,336, from 12 comparable Edgewater 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 Edgewater assessments sit below market value — republished every October, applied town-wide. A $915,382 home should be assessed near $819,175.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $239,425 above what the ratio math suggests (29.2%).
Step 4 · The tax rate — same for every Edgewater home
$0.714 Schools · 43% $0.247 County · 15% $0.683 Town · 42%
This home's own bill implies $1.584 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Edgewater sale · assessed ÷ market
77%137%
Paying about right
This home's ratio lands inside Edgewater'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 |
|---|---|---|---|---|
| 641 UNDERCLIFF AVE | 2025-01 | $1,119,000 | 1,940 | 83.0% |
| 316 THORNTON COURT | 2026-05 | $839,000 | 1,794 | 83.6% |
| 312 FRANKLIN COURT | 2026-01 | $695,000 | 1,769 | 99.7% |
| 310 FRANKLIN COURT | 2025-02 | $735,000 | 1,769 | 94.9% |
| 308 NELSON COURT | 2026-05 | $915,000 | 1,769 | 88.7% |
| 307 CHASE COURT | 2026-01 | $770,000 | 1,769 | 92.5% |
| 309 CHASE COURT | 2025-02 | $750,000 | 1,769 | 92.9% |
| 46 LEGEND HILLS DRIVE | 2025-05 | $880,000 | 2,265 | 95.8% |
| 36 LEGEND HILLS DRIVE | 2025-05 | $758,000 | 1,936 | 101.9% |
| 28 LEGEND HILLS DRIVE | 2025-05 | $900,000 | 1,936 | 85.9% |
| 44 MARQUIS COURT | 2026-03 | $1,250,000 | 2,155 | 85.8% |
| 22 MARQUIS COURT | 2025-03 | $1,100,000 | 2,155 | 97.5% |
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