The Fair Share Report
5 Hooks Ln
Edgewater, NJ 07626
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 $905,895 – $1,373,143, 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 $1,108,714 home should be assessed near $992,188.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $206,212 above what the ratio math suggests (20.8%).
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 $1.588 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%138%
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 |
|---|---|---|---|---|
| 13 CASTA LANE | 2026-02 | $870,000 | 2,240 | 88.0% |
| 46 LEGEND HILLS DRIVE | 2025-05 | $880,000 | 2,265 | 95.8% |
| 24 MARQUIS COURT | 2026-02 | $1,300,000 | 2,188 | 86.5% |
| 9 SOMERSET LANE, UNIT 508 | 2025-02 | $1,640,000 | 2,350 | 102.5% |
| 46 GARDEN PLACE | 2026-02 | $1,183,000 | 2,139 | 75.0% |
| 316 THORNTON COURT | 2026-05 | $839,000 | 1,794 | 83.6% |
| 91 MYRTLE AVE | 2025-06 | $1,675,000 | 3,440 | 77.4% |
| 312 FRANKLIN COURT | 2026-01 | $695,000 | 1,769 | 99.7% |
| 310 FRANKLIN COURT | 2025-02 | $735,000 | 1,769 | 94.9% |
| 44 MARQUIS COURT | 2026-03 | $1,250,000 | 2,155 | 85.8% |
| 22 MARQUIS COURT | 2025-03 | $1,100,000 | 2,155 | 97.5% |
| 131 HUDSON COVE | 2025-02 | $2,050,000 | 2,690 | 67.6% |
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