The Fair Share Report
306 Bem 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 $150,678 – $199,774, from 12 comparable Riverside sales in the past 18 months, at this home's 828 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 $188,182 home should be assessed near $107,847.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,847 below what the ratio math suggests (16.5%).
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 |
|---|---|---|---|---|
| 120 MONROE ST | 2025-08 | $75,000 | 1,064 | 105.3% |
| 335 MIDDLETON ST | 2025-07 | $210,000 | 1,032 | 42.5% |
| 206 W WASHINGTON ST | 2025-02 | $230,000 | 864 | 45.5% |
| 238 FILMORE ST | 2025-03 | $280,000 | 1,008 | 34.9% |
| 36 LEE ST | 2025-05 | $210,000 | 924 | 40.9% |
| 607 BUTLER ST | 2025-09 | $268,000 | 1,008 | 44.3% |
| 215 N FAIRVIEW ST | 2025-02 | $275,000 | 1,192 | 37.7% |
| 64 PARK AVE | 2025-06 | $260,000 | 1,120 | 44.2% |
| 224 FILMORE ST | 2025-02 | $230,000 | 1,200 | 39.5% |
| 36 WEBSTER ST | 2025-09 | $260,000 | 1,216 | 44.1% |
| 54 WEBSTER ST | 2025-05 | $220,000 | 1,224 | 52.4% |
| 234 KOSSUTH ST | 2025-01 | $221,650 | 1,218 | 42.2% |
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