The Fair Share Report
613 Undercliff
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 $1,576,544 – $1,939,507, 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 $1,693,921 home should be assessed near $1,515,890.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $103,290 below what the ratio math suggests (6.8%).
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 $1.536 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
67%108%
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 |
|---|---|---|---|---|
| 3 OAKDENE TERRACE | 2026-01 | $1,325,000 | 2,883 | 93.6% |
| 32 MARQUIS COURT | 2026-01 | $1,525,000 | 2,540 | 84.7% |
| 1220 RIVER ROAD | 2025-06 | $1,800,000 | 2,714 | 95.0% |
| 11 LASHER LANE | 2025-05 | $1,650,000 | 2,639 | 90.6% |
| 131 HUDSON COVE | 2025-02 | $2,050,000 | 2,690 | 67.6% |
| 746 UNDERCLIFF AVE | 2026-02 | $1,349,000 | 2,355 | 94.5% |
| 746 UNDERCLIFF AVE | 2026-01 | $1,349,000 | 2,355 | 94.5% |
| 9 SOMERSET LANE, UNIT 508 | 2025-02 | $1,640,000 | 2,350 | 102.5% |
| 13 MOORINGS LANE | 2025-04 | $1,900,000 | 3,386 | 93.0% |
| 1238 RIVER RD | 2026-04 | $2,137,500 | 3,035 | 85.3% |
| 9 VELA WAY | 2026-04 | $1,600,000 | 3,358 | 80.4% |
| 8 VELA WAY | 2025-01 | $1,595,000 | 3,358 | 83.1% |
Is this your house?
Run your own report →