The Fair Share Report
175 Cherry Ln
Riveredge, NJ 07661
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 $700,111 – $847,949, from 12 comparable River Edge 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 River Edge assessments sit below market value — republished every October, applied town-wide. A $767,511 home should be assessed near $713,018.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,518 below what the ratio math suggests (1.5%).
Step 4 · The tax rate — same for every River Edge home
$1.523 Schools · 63% $0.229 County · 9% $0.666 Town · 28%
This home's own bill implies $2.276 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent River Edge sale · assessed ÷ market
70%113%
Paying about right
This home's ratio lands inside River Edge'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 |
|---|---|---|---|---|
| 228 ZABRISKIE PL | 2026-02 | $880,000 | 1,778 | 79.0% |
| 265 ADAMS AVE | 2025-01 | $650,000 | 1,760 | 196.7% |
| 166 ZABRISKIE PL. | 2025-03 | $800,000 | 1,848 | 85.8% |
| 284 CONTINENTAL AVE | 2026-03 | $750,000 | 1,756 | 86.4% |
| 177 JEFFERSON AVE | 2025-04 | $851,000 | 1,914 | 81.8% |
| 201 ADAMS AVE | 2025-02 | $870,000 | 1,676 | 78.9% |
| 115 VALLEY RD | 2025-02 | $750,000 | 1,783 | 87.2% |
| 409 WINDSOR ROAD | 2026-04 | $728,000 | 1,831 | 93.5% |
| 171 VOORHIS AVE | 2025-03 | $859,000 | 1,858 | 98.1% |
| 405 VALLEY RD | 2025-06 | $660,000 | 1,603 | 89.6% |
| 170 JEFFERSON AVE | 2025-01 | $760,000 | 1,566 | 86.7% |
| 277 HOWLAND AVE | 2025-01 | $599,000 | 1,566 | 98.1% |
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