The Fair Share Report

104 Progress St

Riverside, NJ 08075

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.

Step 1 · Market value

≈ $344,981

Likely range $247,258 – $418,823, from 12 comparable Riverside sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

57.31%

The state's official measure of how far Riverside assessments sit below market value — republished every October, applied town-wide. A $344,981 home should be assessed near $197,709.

Step 3 · Assessed value

$197,100

Set at the last town-wide revaluation and mostly frozen since. That's $609 below what the ratio math suggests (0.3%).

Step 4 · The tax rate — same for every Riverside home

$4.090 per $100 assessed

$2.144 Schools · 52% $0.554 County · 14% $1.392 Town · 34%

Step 5 · The bill

$8,375/yr
Public schools$4,390
Burlington County$1,134
Town of Riverside$2,850
Riverside average$6,253

This home vs. every recent Riverside sale · assessed ÷ market

Town median 48.6%
This home · 57.1%

35%85%

Paying about right

This home's ratio lands inside Riverside's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
204 SEVENTH STREET2025-01$273,0002,00453.9%
721 RANCOCAS AVE2025-10$445,0002,10052.9%
720 HARRISON ST2025-04$250,0001,85087.9%
723 RANCOCAS AVE2025-06$425,0001,88847.5%
728 FILMORE ST2025-08$405,0002,32855.7%
210 S FAIRVIEW ST2025-05$405,0001,99237.3%
210 S FAIRVIEW ST2024-12$185,0001,99281.6%
335 LIPPINCOTT AVE2025-09$312,0001,92654.8%
131 LIPPINCOTT AVE2025-11$395,0001,77243.5%
131 LIPPINCOTT AVE2025-07$255,0001,77267.4%
131 LIPPINCOTT AVE2025-06$200,0001,77286.0%
74 N CHESTER AVE2025-07$352,0001,87239.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →