The Fair Share Report
202 Second St
Riverton, NJ 08077
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 $248,228 – $411,751, from 12 comparable Riverton 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 Riverton assessments sit below market value — republished every October, applied town-wide. A $358,448 home should be assessed near $203,312.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $55,712 below what the ratio math suggests (27.4%).
Step 4 · The tax rate — same for every Riverton home
$2.505 Schools · 61% $0.543 County · 13% $1.039 Town · 25%
Step 5 · The bill
This home vs. every recent Riverton sale · assessed ÷ market
30%71%
Paying about right
This home's ratio lands inside Riverton'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 |
|---|---|---|---|---|
| 602 LIPPINCOTT AVE | 2025-11 | $291,890 | 1,459 | 48.4% |
| 629 THOMAS AVE | 2025-03 | $472,700 | 1,285 | 42.4% |
| 611 CINNAMINSON ST | 2025-11 | $372,000 | 1,332 | 38.5% |
| 401 SECOND ST | 2025-05 | $351,000 | 1,509 | 44.6% |
| 713 CINNAMINSON ST | 2025-01 | $315,000 | 1,160 | 41.2% |
| 712 CINNAMINSON ST | 2025-05 | $460,000 | 1,558 | 40.8% |
| 513 HOWARD ST | 2025-11 | $275,000 | 1,487 | 51.4% |
| 310 PENN ST | 2025-10 | $349,900 | 1,143 | 39.3% |
| 507 CINNAMINSON ST | 2025-11 | $280,000 | 1,482 | 50.8% |
| 112 MORGAN AVE | 2025-03 | $432,000 | 1,172 | 41.6% |
| 518 MAIN ST | 2025-08 | $350,000 | 1,521 | 47.2% |
| 517 CINNAMINSON ST | 2025-03 | $415,000 | 1,524 | 49.4% |
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