The Fair Share Report
3 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 $790,605 – $947,543, 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 $833,291 home should be assessed near $247,404.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,196 above what the ratio math suggests (9.0%).
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 |
|---|---|---|---|---|
| 64 ANNETTE DR | 2025-09 | $893,300 | 2,286 | 26.5% |
| 13 LYNNWOOD RD | 2025-02 | $820,000 | 2,275 | 28.6% |
| 3 HUMMINGBIRD LANE | 2026-03 | $915,000 | 2,275 | 26.2% |
| 2 WHITEWOOD RD | 2025-04 | $950,000 | 2,332 | 28.8% |
| 215 MONROE AVE | 2025-08 | $840,000 | 2,402 | 27.8% |
| 120 ALFRED ST | 2025-10 | $790,000 | 2,284 | 28.7% |
| 14 DEVON RD | 2025-08 | $890,000 | 2,292 | 27.7% |
| 137 SAFRAN AVE | 2025-08 | $760,000 | 2,211 | 25.6% |
| 25 SHERWOOD RD | 2025-08 | $865,000 | 2,431 | 29.1% |
| 733 AMBOY AVE | 2025-02 | $725,000 | 2,371 | 31.1% |
| 27 SHEPPARD PL | 2025-10 | $595,000 | 2,432 | 32.3% |
| 10 DELLVIEW DR | 2025-11 | $945,000 | 2,177 | 23.2% |
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