The Fair Share Report
412 E Washington St
Riverside, NJ 08075
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Riverside's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $249,799 – $370,332, 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 $334,145 home should be assessed near $191,498.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,398 below what the ratio math suggests (27.4%).
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
32%81%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 718 RANCOCAS AVE | 2025-06 | $320,000 | 1,525 | 59.6% |
| 618 ARNDT AVE | 2025-06 | $329,000 | 1,568 | 43.4% |
| 805 RANCOCAS AVE | 2025-04 | $350,000 | 1,392 | 47.3% |
| 513 JEFFERSON ST | 2026-03 | $200,000 | 1,452 | 89.3% |
| 805 DELAWARE AVE | 2025-06 | $365,000 | 1,352 | 45.2% |
| 517 8TH ST | 2025-08 | $390,000 | 1,612 | 45.7% |
| 609 CLEVELAND AVE | 2025-06 | $400,000 | 1,180 | 44.9% |
| 629 POLK ST | 2025-12 | $314,500 | 1,308 | 49.4% |
| 707 HARRISON ST | 2025-01 | $280,000 | 1,568 | 61.9% |
| 505 JEFFERSON ST | 2025-09 | $305,000 | 1,316 | 54.9% |
| 705 ARNDT AVE | 2026-02 | $190,000 | 1,753 | 83.1% |
| 640 BEM ST | 2026-03 | $396,000 | 1,680 | 40.9% |
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