The Fair Share Report

237 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.

Step 1 · Market value

≈ $301,844

Likely range $230,875 – $411,506, from 12 comparable Riverside sales in the past 18 months, at this home's 2,024 sq ft.

Step 2 · The Director's Ratio

57.31%

The state's official measure of how far Riverside assessments sit below market value — republished every October, applied town-wide. A $301,844 home should be assessed near $172,987.

Step 3 · Assessed value

$245,900

Set at the last town-wide revaluation and mostly frozen since. That's $72,913 above what the ratio math suggests (42.1%).

Step 4 · The tax rate — same for every Riverside home

$4.090 per $100 assessed

$2.144 Schools · 52% $0.554 County · 14% $1.392 Town · 34%

Step 5 · The bill

$10,448/yr
Public schools$5,477
Burlington County$1,415
Town of Riverside$3,556
Riverside average$6,253

This home vs. every recent Riverside sale · assessed ÷ market

Town median 48.6%
This home · 81.5%

35%112%

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)

AddressSoldPriceSq ftRatio
204 SEVENTH STREET2025-01$273,0002,00453.9%
427 DELAWARE AVE2026-03$215,0002,02459.6%
425 DELAWARE AVE2025-09$240,0002,10456.5%
407 CLEVELAND AVE2025-05$190,0001,91873.4%
208 1/2 HOOKER ST2025-06$420,0001,48546.3%
506 BRIDGEBORO ST2026-04$275,0001,84449.7%
707 HARRISON ST2025-01$280,0001,56861.9%
301-305 S FAIRVIEW ST2025-06$316,0002,17155.3%
74 N CHESTER AVE2025-07$352,0001,87239.8%
801 TAYLOR ST2025-10$396,0001,43751.7%
404 GREENWOOD AVE2026-01$360,0001,84042.1%
210 S FAIRVIEW ST2025-05$405,0001,99237.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →