The Fair Share Report
407 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 $618,837 – $977,196, 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 $652,448 home should be assessed near $583,876.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $103,224 above what the ratio math suggests (17.7%).
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 $1.587 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
65%116%
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 |
|---|---|---|---|---|
| 504 STOCKTON COURT | 2025-01 | $655,000 | 1,540 | 102.0% |
| 252 THE PROMENADE | 2026-02 | $610,000 | 1,496 | 96.1% |
| 202 JEFFERSON COURT | 2026-04 | $925,000 | 1,496 | 82.2% |
| 5212 CITY PLACE | 2025-04 | $560,000 | 1,566 | 104.2% |
| 302 SMITH COURT | 2026-02 | $775,000 | 1,646 | 91.3% |
| 2201 CITY PLACE | 2026-03 | $580,000 | 1,465 | 97.1% |
| 6106 CITY PLACE | 2026-01 | $570,000 | 1,607 | 105.1% |
| 718 HUDSON PARK | 2025-04 | $798,000 | 1,589 | 101.3% |
| 2203 CITY PLACE | 2025-05 | $590,000 | 1,444 | 89.3% |
| 207 JEFFERSON COURT | 2026-01 | $750,000 | 1,423 | 86.2% |
| 3516 CITY PLACE | 2025-04 | $590,000 | 1,431 | 100.1% |
| 21 MARQUIS COURT | 2025-03 | $959,000 | 1,545 | 89.4% |
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