The Fair Share Report
505 Weeks Ave
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 $178,287 – $312,608, 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 $265,123 home should be assessed near $151,942.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,442 below what the ratio math suggests (22.0%).
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%
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 |
|---|---|---|---|---|
| 316 LIPPINCOTT AVE | 2026-04 | $300,000 | 1,360 | 45.3% |
| 101 E WASHINGTON ST | 2025-10 | $195,000 | 1,328 | 50.5% |
| 525 BRIDGEBORO ST | 2026-03 | $265,000 | 1,264 | 42.1% |
| 525 BRIDGEBORO ST | 2025-01 | $249,900 | 1,264 | 44.7% |
| 304 CLEVELAND AVE | 2025-08 | $296,000 | 1,312 | 43.4% |
| 304 CLEVELAND AVE | 2025-01 | $92,500 | 1,312 | 138.8% |
| KOSSUTH ST | 2025-12 | $288,000 | — | 14.4% |
| 28 E HANCOCK ST | 2025-08 | $230,000 | 1,211 | 49.7% |
| 413 DELAWARE AVE | 2025-10 | $162,750 | 1,344 | 59.7% |
| 310 HEULINGS AVE | 2025-05 | $181,000 | 1,234 | 62.4% |
| 515 DELAWARE AVE | 2025-05 | $305,000 | 1,306 | 46.0% |
| 110 W WASHINGTON ST | 2026-02 | $217,000 | 1,701 | 75.5% |
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