The Fair Share Report
508 Smith Ct
Edgewater, NJ 07465
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 $439,551 – $621,590, 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 $516,279 home should be assessed near $462,018.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,018 below what the ratio math suggests (0.9%).
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 $1.587 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
68%110%
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 |
|---|---|---|---|---|
| 308 SMITH COURT | 2026-03 | $578,000 | 1,068 | 82.2% |
| 306 HANCOCK COURT | 2025-05 | $530,000 | 1,076 | 97.1% |
| 1015 HUDSON PARK | 2025-04 | $650,000 | 1,198 | 91.4% |
| 1111 RIVER ROAD #A16 | 2025-03 | $442,000 | 1,068 | 90.0% |
| 6404 CITY PLACE | 2026-04 | $580,000 | 1,247 | 90.2% |
| 1100 RIVER ROAD #306 | 2025-04 | $480,000 | 986 | 95.3% |
| 18 MASSA LANE #B3 | 2025-01 | $330,000 | 1,108 | 99.8% |
| 100 CROWN COURT | 2026-03 | $572,000 | 1,026 | 87.5% |
| 1077 RIVER ROAD | 2025-06 | $409,000 | 1,083 | 99.5% |
| 1055 RIVER ROAD | 2026-04 | $440,000 | 1,074 | 94.4% |
| 1150 RIVER ROAD | 2026-04 | $429,000 | 1,205 | 92.5% |
| 1150 RIVER ROAD PHI | 2025-03 | $470,000 | 1,205 | 90.5% |
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