The Fair Share Report
9 Maple St
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 $701,137 – $1,281,887, 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 $988,213 home should be assessed near $884,352.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,548 above what the ratio math suggests (10.2%).
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 $1.578 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
71%144%
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 |
|---|---|---|---|---|
| 641 UNDERCLIFF AVE | 2025-01 | $1,119,000 | 1,940 | 83.0% |
| 36 LEGEND HILLS DRIVE | 2025-05 | $758,000 | 1,936 | 101.9% |
| 28 LEGEND HILLS DRIVE | 2025-05 | $900,000 | 1,936 | 85.9% |
| 10 LEARY LANE | 2025-01 | $1,182,000 | 1,870 | 95.4% |
| 3 SOMERSET LN-GLASS HOUSE | 2026-04 | $1,580,000 | 1,897 | 92.4% |
| 3 SOMERSET LN-GLASS HOUSE | 2025-03 | $2,050,000 | 1,895 | 84.5% |
| 44 MARQUIS COURT | 2026-03 | $1,250,000 | 2,155 | 85.8% |
| 22 MARQUIS COURT | 2025-03 | $1,100,000 | 2,155 | 97.5% |
| 216 THE PROMENADE | 2026-04 | $720,000 | 1,751 | 96.8% |
| 206 THE PROMENADE | 2026-03 | $615,000 | 1,751 | 105.2% |
| 306 THE PROMENADE | 2025-01 | $665,000 | 1,751 | 94.5% |
| 24 MARQUIS COURT | 2026-02 | $1,300,000 | 2,188 | 86.5% |
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