The Fair Share Report
308 Smith Ct
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 $442,000 – $551,226, from 12 comparable Edgewater sales in the past 18 months, at this home's 1,068 sq ft.
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 $496,744 home should be assessed near $444,536.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,464 above what the ratio math suggests (6.9%).
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 $1.586 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%113%
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 |
|---|---|---|---|---|
| 306 HANCOCK COURT | 2025-05 | $530,000 | 1,076 | 97.1% |
| 1111 RIVER ROAD #A16 | 2025-03 | $442,000 | 1,068 | 90.0% |
| 1100 RIVER ROAD #306 | 2025-04 | $480,000 | 986 | 95.3% |
| 100 CROWN COURT | 2026-03 | $572,000 | 1,026 | 87.5% |
| 1055 RIVER ROAD | 2026-04 | $440,000 | 1,074 | 94.4% |
| 200 GRAND COVE WAY #5N | 2026-02 | $493,000 | 1,010 | 98.4% |
| 1110 RIVER ROAD | 2026-04 | $544,000 | 1,054 | 90.5% |
| 1077 RIVER ROAD | 2026-04 | $490,000 | 1,060 | 85.7% |
| 2309 CITY PLACE | 2025-03 | $425,000 | 943 | 95.0% |
| 1077 RIVER ROAD | 2025-06 | $409,000 | 1,083 | 99.5% |
| 1015 HUDSON PARK | 2025-04 | $650,000 | 1,198 | 91.4% |
| 1110 RIVER ROAD | 2026-04 | $470,000 | 1,036 | 100.8% |
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