The Fair Share Report
116 Webster 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $251,212 – $447,492, from 12 comparable Riverside 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 Riverside assessments sit below market value — republished every October, applied town-wide. A $350,631 home should be assessed near $200,947.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,753 above what the ratio math suggests (27.2%).
Step 4 · The tax rate — same for every Riverside home
$2.144 Schools · 52% $0.554 County · 14% $1.392 Town · 34%
Step 5 · The bill
This home vs. every recent Riverside sale · assessed ÷ market
35%107%
A touch high — worth watching
This home's ratio sits above most of Riverside, but doesn't clear NJ's legal appeal line (65.91%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 121 BRIDGEBORO ST | 2025-09 | $390,000 | 2,332 | 39.6% |
| 319 TAYLOR ST | 2026-02 | $221,500 | 2,268 | 58.9% |
| 301-305 S FAIRVIEW ST | 2025-06 | $316,000 | 2,171 | 55.3% |
| 425 DELAWARE AVE | 2025-09 | $240,000 | 2,104 | 56.5% |
| 116 LIPPINCOTT AVE | 2026-04 | $345,000 | 2,512 | 49.0% |
| 427 DELAWARE AVE | 2026-03 | $215,000 | 2,024 | 59.6% |
| 702 RANCOCAS AVE | 2025-04 | $500,000 | 2,840 | 52.9% |
| 334 DELAWARE AVE | 2025-07 | $441,000 | 2,753 | 42.5% |
| 300-302 MADISON ST | 2025-12 | $327,000 | 3,066 | 49.2% |
| 204 SEVENTH STREET | 2025-01 | $273,000 | 2,004 | 53.9% |
| 53 SPRING GARDEN ST | 2026-02 | $303,000 | 2,068 | 43.5% |
| 407 CLEVELAND AVE | 2025-05 | $190,000 | 1,918 | 73.4% |
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