The Fair Share Report
302 Eighth St
Riverton, NJ 08077
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Riverton's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $571,422 – $709,888, 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 $648,328 home should be assessed near $367,732.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,932 below what the ratio math suggests (14.4%).
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
36%71%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 631 THOMAS AVE | 2025-03 | $650,000 | 2,721 | 46.0% |
| 804 MAIN ST | 2026-03 | $770,000 | 2,981 | 44.2% |
| 16 CARRIAGE HOUSE LANE | 2025-02 | $500,000 | 2,304 | 61.1% |
| 101 SEVENTH ST | 2026-01 | $425,000 | 2,339 | 59.8% |
| 713 MAIN STREET | 2025-09 | $705,000 | 2,935 | 52.4% |
| 206 CARRIAGE HOUSE LANE | 2025-11 | $760,000 | 2,956 | 52.0% |
| 601 EIGHTH ST | 2026-01 | $610,000 | 2,753 | 57.1% |
| 901 THOMAS AVE | 2024-12 | $650,000 | 3,629 | 62.6% |
| 725-29 CINNAMINSON ST | 2025-12 | $549,000 | 1,817 | 44.9% |
| 808 THIRD ST | 2025-05 | $615,000 | 2,626 | 50.5% |
| 403 MIDWAY | 2025-05 | $402,500 | 1,922 | 53.6% |
| 714 MAIN ST | 2025-10 | $480,000 | 2,335 | 52.8% |
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