The Fair Share Report
427 Delaware Ave
Riverside, 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 $230,875 – $378,953, from 12 comparable Riverside sales in the past 18 months, at this home's 2,024 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 $301,844 home should be assessed near $172,987.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,787 below what the ratio math suggests (25.9%).
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
28%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 |
|---|---|---|---|---|
| 425 DELAWARE AVE | 2025-09 | $240,000 | 2,104 | 56.5% |
| 407 CLEVELAND AVE | 2025-05 | $190,000 | 1,918 | 73.4% |
| 506 BRIDGEBORO ST | 2026-04 | $275,000 | 1,844 | 49.7% |
| 316 CLEVELAND AVE | 2025-07 | $600,000 | 1,776 | 19.6% |
| 215 FILMORE ST | 2025-09 | $392,000 | 1,812 | 44.8% |
| 301-305 S FAIRVIEW ST | 2025-06 | $316,000 | 2,171 | 55.3% |
| 259 HOOKER ST | 2025-10 | $325,000 | 1,664 | 49.8% |
| 259 HOOKER ST | 2025-03 | $311,550 | 1,664 | 51.9% |
| 139 PAINE ST | 2025-11 | $260,000 | 1,530 | 47.2% |
| 319 TAYLOR ST | 2026-02 | $221,500 | 2,268 | 58.9% |
| 121 BRIDGEBORO ST | 2025-09 | $390,000 | 2,332 | 39.6% |
| 335 LIPPINCOTT AVE | 2025-09 | $312,000 | 1,926 | 54.8% |
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