The Fair Share Report
224 Hooker 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 $236,148 – $422,734, 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 $375,316 home should be assessed near $215,094.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,394 below what the ratio math suggests (12.7%).
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%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 720 HARRISON ST | 2025-04 | $250,000 | 1,850 | 87.9% |
| 310 S FAIRVIEW ST | 2025-01 | $410,000 | 1,834 | 41.0% |
| 117 CHESTER AVE | 2025-12 | $258,000 | 1,788 | 57.1% |
| 723 RANCOCAS AVE | 2025-06 | $425,000 | 1,888 | 47.5% |
| 721 RANCOCAS AVE | 2025-10 | $445,000 | 2,100 | 52.9% |
| 131 LIPPINCOTT AVE | 2025-11 | $395,000 | 1,772 | 43.5% |
| 131 LIPPINCOTT AVE | 2025-07 | $255,000 | 1,772 | 67.4% |
| 131 LIPPINCOTT AVE | 2025-06 | $200,000 | 1,772 | 86.0% |
| 335 LIPPINCOTT AVE | 2025-09 | $312,000 | 1,926 | 54.8% |
| 508 WEEKS AVE | 2025-07 | $505,000 | 1,646 | 45.2% |
| 619 S CHESTER AVE | 2025-01 | $415,000 | 1,860 | 52.4% |
| 517 8TH ST | 2025-08 | $390,000 | 1,612 | 45.7% |
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