The Fair Share Report
9 Spring Ln
Edgewater Park, NJ 08046
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 $316,619 – $395,447, from 12 comparable Edgewater Park 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 Park assessments sit below market value — republished every October, applied town-wide. A $349,431 home should be assessed near $226,641.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,041 below what the ratio math suggests (28.7%).
Step 4 · The tax rate — same for every Edgewater Park home
$1.813 Schools · 54% $0.480 County · 14% $1.052 Town · 31%
Step 5 · The bill
This home vs. every recent Edgewater Park sale · assessed ÷ market
34%85%
Paying about right
This home's ratio lands inside Edgewater Park'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 |
|---|---|---|---|---|
| 9 CRYSTAL DRIVE | 2025-03 | $337,000 | 1,804 | 50.9% |
| 6 VERMONT SQUARE | 2025-03 | $235,000 | 1,529 | 75.6% |
| 10 BELMONT AVENUE | 2026-03 | $277,500 | 1,431 | 50.3% |
| 17 BELMONT AVENUE | 2025-06 | $289,900 | 1,383 | 58.1% |
| 14 SPRING LANE | 2025-03 | $295,000 | 1,370 | 60.8% |
| 30 E JONES AVE | 2025-01 | $380,000 | 1,620 | 70.3% |
| 9 MADISON COURT | 2025-02 | $299,000 | 1,345 | 51.9% |
| 22 PALMER SQUARE | 2025-10 | $290,000 | 1,344 | 37.9% |
| 15 F FLOYD AVE | 2026-02 | $382,000 | 1,620 | 69.8% |
| 95 BENFORD LANE | 2025-08 | $385,000 | 1,920 | 52.5% |
| 39 L WENDOWSKI ST | 2026-04 | $379,999 | 1,620 | 70.0% |
| 30 PALMER SQUARE | 2025-06 | $290,000 | 1,252 | 38.9% |
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