The Fair Share Report
409 E Washington 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 $298,708 – $489,914, from 12 comparable Riverside 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 Riverside assessments sit below market value — republished every October, applied town-wide. A $332,952 home should be assessed near $190,815.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,985 above what the ratio math suggests (19.4%).
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%82%
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 |
|---|---|---|---|---|
| 728 FILMORE ST | 2025-08 | $405,000 | 2,328 | 55.7% |
| 721 RANCOCAS AVE | 2025-10 | $445,000 | 2,100 | 52.9% |
| 204 SEVENTH STREET | 2025-01 | $273,000 | 2,004 | 53.9% |
| 302 E WASHINGTON ST | 2025-02 | $350,000 | 2,361 | 62.5% |
| 720 HARRISON ST | 2025-04 | $250,000 | 1,850 | 87.9% |
| 723 RANCOCAS AVE | 2025-06 | $425,000 | 1,888 | 47.5% |
| 123 HEULINGS AVE | 2025-06 | $328,000 | 2,198 | 45.9% |
| 116 LIPPINCOTT AVE | 2026-04 | $345,000 | 2,512 | 49.0% |
| 210 S FAIRVIEW ST | 2025-05 | $405,000 | 1,992 | 37.3% |
| 210 S FAIRVIEW ST | 2024-12 | $185,000 | 1,992 | 81.6% |
| 700 DELAWARE AVE | 2025-07 | $149,500 | 2,230 | 143.1% |
| 131 LIPPINCOTT AVE | 2025-11 | $395,000 | 1,772 | 43.5% |
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