The Fair Share Report
224 Progress 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 $223,280 – $322,916, from 12 comparable Riverside sales in the past 18 months, at this home's 1,505 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 $282,309 home should be assessed near $161,791.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,991 below what the ratio math suggests (19.2%).
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%81%
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 |
|---|---|---|---|---|
| 225 DELAWARE AVE | 2026-02 | $328,100 | 1,611 | 40.2% |
| 223 DELAWARE AVE | 2025-08 | $315,000 | 1,867 | 49.2% |
| 130 N FAIRVIEW ST | 2025-02 | $260,000 | 1,660 | 51.0% |
| 208 CLEVELAND AVE | 2025-04 | $325,000 | 1,344 | 46.9% |
| 121 CLEVELAND AVE | 2025-04 | $172,000 | 1,700 | 98.7% |
| 431 BEM ST | 2025-04 | $235,000 | 1,584 | 64.3% |
| 310 S FAIRVIEW ST | 2025-01 | $410,000 | 1,834 | 41.0% |
| 210 S FAIRVIEW ST | 2025-05 | $405,000 | 1,992 | 37.3% |
| 210 S FAIRVIEW ST | 2024-12 | $185,000 | 1,992 | 81.6% |
| 200 E WASHINGTON ST | 2025-06 | $333,000 | 1,552 | 40.3% |
| 238 CLEVELAND AVE | 2025-01 | $290,000 | 1,546 | 47.4% |
| 139 PAINE ST | 2025-11 | $260,000 | 1,530 | 47.2% |
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