The Fair Share Report
331 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 $243,088 – $332,458, from 12 comparable Riverside sales in the past 18 months, at this home's 1,102 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 $289,643 home should be assessed near $165,994.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,594 below what the ratio math suggests (8.8%).
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 |
|---|---|---|---|---|
| 625 ARNDT AVE | 2025-04 | $138,000 | 1,104 | 129.8% |
| 506 ARNDT AVE | 2025-09 | $256,000 | 974 | 42.4% |
| 323 CLEVELAND AVE | 2025-09 | $275,000 | 1,106 | 40.2% |
| KOSSUTH ST | 2025-12 | $288,000 | — | 14.4% |
| 504 RIVER DRIVE | 2025-01 | $389,000 | 1,092 | 43.4% |
| 516 RIVER DRIVE | 2025-06 | $320,000 | 1,092 | 48.3% |
| 504 JEFFERSON ST | 2025-04 | $340,000 | 1,127 | 45.5% |
| 508 POLK ST | 2025-09 | $310,000 | 1,120 | 50.5% |
| 505 MONROE ST | 2026-05 | $345,000 | 1,120 | 45.7% |
| 500 ARNDT AVE | 2026-04 | $235,000 | 974 | 46.9% |
| 211 PAINE ST | 2025-08 | $190,000 | 1,090 | 73.4% |
| 316 LIPPINCOTT AVE | 2026-04 | $300,000 | 1,360 | 45.3% |
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