The Fair Share Report

310 Third St

Riverton, NJ 08077

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

≈ $502,411

Likely range $366,881 – $566,708, from 12 comparable Riverton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

56.72%

The state's official measure of how far Riverton assessments sit below market value — republished every October, applied town-wide. A $502,411 home should be assessed near $284,968.

Step 3 · Assessed value

$229,900

Set at the last town-wide revaluation and mostly frozen since. That's $55,068 below what the ratio math suggests (19.3%).

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

$4.087 per $100 assessed

$2.505 Schools · 61% $0.543 County · 13% $1.039 Town · 25%

Step 5 · The bill

$9,396/yr
Public schools$5,759
Burlington County$1,248
Town of Riverton$2,389
Riverton average$10,219

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

Town median 49.4%
This home · 45.8%

35%71%

Paying about right

This home's ratio lands inside Riverton's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
600 CEDAR ST2025-12$375,0001,75660.6%
609 ELM TERRACE2025-12$540,0001,87441.6%
403 MIDWAY2025-05$402,5001,92253.6%
909 CEDAR ST.2025-10$375,0001,96059.8%
401 FULTON ST2025-11$485,0001,55647.9%
725-29 CINNAMINSON ST2025-12$549,0001,81744.9%
8 LINDEN AVE2025-12$575,0001,48245.9%
712 CINNAMINSON ST2025-05$460,0001,55840.8%
15 CARRIAGE HOUSE LANE2025-12$480,0001,45243.9%
604 CINNAMINSON ST2026-05$390,0001,98061.4%
433 THOMAS AVENUE2025-07$299,0002,23487.4%
517 CINNAMINSON ST2025-03$415,0001,52449.4%

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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 →