The Fair Share Report
500 Eighth St
Riverton, NJ 08054
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 Riverton's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $367,187 – $461,243, 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 $430,765 home should be assessed near $244,330.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $47,230 below what the ratio math suggests (19.3%).
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
36%71%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 8 LINDEN AVE | 2025-12 | $575,000 | 1,482 | 45.9% |
| 15 CARRIAGE HOUSE LANE | 2025-12 | $480,000 | 1,452 | 43.9% |
| 500-2 FULTON ST | 2025-01 | $385,000 | 1,188 | 54.9% |
| 604 THOMAS AVE | 2025-06 | $420,000 | 1,318 | 48.8% |
| 604 THOMAS AVE | 2025-01 | $207,000 | 1,318 | 99.1% |
| 401 FULTON ST | 2025-11 | $485,000 | 1,556 | 47.9% |
| 220 LINDEN AVE | 2025-09 | $437,000 | 1,518 | 49.8% |
| 4 SECOND ST | 2026-03 | $325,000 | 1,588 | 69.9% |
| 909 CEDAR ST. | 2025-10 | $375,000 | 1,960 | 59.8% |
| 112 MORGAN AVE | 2025-03 | $432,000 | 1,172 | 41.6% |
| 517 CINNAMINSON ST | 2025-03 | $415,000 | 1,524 | 49.4% |
| 629 THOMAS AVE | 2025-03 | $472,700 | 1,285 | 42.4% |
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