The Fair Share Report
28 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 $819,610 – $963,070, 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 $939,172 home should be assessed near $278,840.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,960 above what the ratio math suggests (7.9%).
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%42%
A touch high — worth watching
This home's ratio sits above most of Edison, but doesn't clear NJ's legal appeal line (34.14%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 41 DALE DR | 2025-04 | $950,000 | 2,632 | 27.2% |
| 25 TURNER AVE | 2025-11 | $805,000 | 2,493 | 29.4% |
| 25 SHERWOOD RD | 2025-08 | $865,000 | 2,431 | 29.1% |
| 10 CUTTER AVE | 2026-02 | $935,000 | 2,537 | 35.7% |
| 7 ROBIN RD | 2025-04 | $1,066,000 | 2,709 | 29.2% |
| 41 JONATHAN DR | 2025-09 | $875,000 | 2,912 | 29.6% |
| 2 CHRISTOPHER CT | 2025-09 | $925,000 | 2,542 | 32.3% |
| 70 LIVINGSTON AVE | 2025-12 | $741,111 | 2,912 | 31.4% |
| 24 HUNTINGTON RD | 2025-01 | $990,000 | 2,540 | 28.9% |
| 994 FEATHER BED LANE | 2025-09 | $940,000 | 2,616 | 30.2% |
| 5 HAZEL AVE | 2025-01 | $890,000 | 2,464 | 28.5% |
| 13 LYNNWOOD RD | 2025-02 | $820,000 | 2,275 | 28.6% |
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