The Fair Share Report
402 Eighth 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $344,346 – $615,689, 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 $517,561 home should be assessed near $293,561.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,561 below what the ratio math suggests (17.6%).
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
34%76%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 909 CEDAR ST. | 2025-10 | $375,000 | 1,960 | 59.8% |
| 401 FULTON ST | 2025-11 | $485,000 | 1,556 | 47.9% |
| 433 THOMAS AVENUE | 2025-07 | $299,000 | 2,234 | 87.4% |
| 600 CEDAR ST | 2025-12 | $375,000 | 1,756 | 60.6% |
| 8 LINDEN AVE | 2025-12 | $575,000 | 1,482 | 45.9% |
| 725-29 CINNAMINSON ST | 2025-12 | $549,000 | 1,817 | 44.9% |
| 15 CARRIAGE HOUSE LANE | 2025-12 | $480,000 | 1,452 | 43.9% |
| 403 MIDWAY | 2025-05 | $402,500 | 1,922 | 53.6% |
| 609 ELM TERRACE | 2025-12 | $540,000 | 1,874 | 41.6% |
| 109 PENN ST | 2026-03 | $620,000 | 2,312 | 45.6% |
| 101 SEVENTH ST | 2026-01 | $425,000 | 2,339 | 59.8% |
| 4 SECOND ST | 2026-03 | $325,000 | 1,588 | 69.9% |
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