The Fair Share Report
3 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 $539,772 – $630,760, 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 $583,710 home should be assessed near $173,303.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,003 below what the ratio math suggests (28.9%).
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
14%40%
Keep quiet and enjoy it
This home's assessment ratio sits below the Edison pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 25 CARRIAGE PL | 2026-05 | $607,000 | 1,399 | 31.9% |
| 35 CARRIAGE PL | 2026-04 | $620,000 | 1,399 | 25.9% |
| 13 GATE HOUSE LANE | 2025-12 | $545,000 | 1,399 | 31.2% |
| 22 CARRIAGE PL | 2025-07 | $660,000 | 1,399 | 29.3% |
| 13 CARRIAGE PL | 2025-06 | $600,000 | 1,399 | 28.3% |
| 34 PARK GATE DR | 2025-02 | $592,000 | 1,399 | 32.7% |
| 16 NICOLE TERR | 2025-04 | $586,500 | 1,412 | 25.8% |
| 18 CARRIAGE PL | 2025-02 | $525,000 | 1,412 | 28.8% |
| 38 PHEASANT RUN | 2025-06 | $550,000 | 1,443 | 24.1% |
| 90 PHEASANT RUN | 2025-05 | $570,000 | 1,443 | 23.8% |
| 127 OAKMONT CT | 2026-06 | $549,000 | 1,372 | 25.8% |
| 145 MAPLEWOOD CT | 2026-01 | $570,000 | 1,372 | 25.5% |
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