The Fair Share Report
224 E Washington 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 $251,179 – $356,710, from 12 comparable Riverside sales in the past 18 months, at this home's 2,202 sq ft.
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 $313,993 home should be assessed near $179,949.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,551 above what the ratio math suggests (25.9%).
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%96%
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 |
|---|---|---|---|---|
| 700 DELAWARE AVE | 2025-07 | $149,500 | 2,230 | 143.1% |
| 123 HEULINGS AVE | 2025-06 | $328,000 | 2,198 | 45.9% |
| 503 DAUPHIN ST | 2025-02 | $310,000 | 2,174 | 59.0% |
| 117 CHESTER AVE | 2025-12 | $258,000 | 1,788 | 57.1% |
| 210 S FAIRVIEW ST | 2025-05 | $405,000 | 1,992 | 37.3% |
| 210 S FAIRVIEW ST | 2024-12 | $185,000 | 1,992 | 81.6% |
| 310 S FAIRVIEW ST | 2025-01 | $410,000 | 1,834 | 41.0% |
| 335 LIPPINCOTT AVE | 2025-09 | $312,000 | 1,926 | 54.8% |
| 425 DELAWARE AVE | 2025-09 | $240,000 | 2,104 | 56.5% |
| 300 NEW JERSEY AVE | 2025-07 | $406,000 | 2,972 | 42.7% |
| 427 DELAWARE AVE | 2026-03 | $215,000 | 2,024 | 59.6% |
| 313 TAYLOR ST | 2026-04 | $350,000 | 2,691 | 55.7% |
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