The Fair Share Report

508 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.

Step 1 · Market value

≈ $348,795

Likely range $293,929 – $370,524, from 12 comparable Riverside sales in the past 18 months, at this home's 1,646 sq ft.

Step 2 · The Director's Ratio

57.31%

The state's official measure of how far Riverside assessments sit below market value — republished every October, applied town-wide. A $348,795 home should be assessed near $199,894.

Step 3 · Assessed value

$228,100

Set at the last town-wide revaluation and mostly frozen since. That's $28,206 above what the ratio math suggests (14.1%).

Step 4 · The tax rate — same for every Riverside home

$4.090 per $100 assessed

$2.144 Schools · 52% $0.554 County · 14% $1.392 Town · 34%

Step 5 · The bill

$9,692/yr
Public schools$5,081
Burlington County$1,313
Town of Riverside$3,299
Riverside average$6,253

This home vs. every recent Riverside sale · assessed ÷ market

Town median 48.6%
This home · 65.4%

35%83%

A touch high — worth watching

This home's ratio sits above most of Riverside, but doesn't clear NJ's legal appeal line (65.91%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
723 RANCOCAS AVE2025-06$425,0001,88847.5%
707 HARRISON ST2025-01$280,0001,56861.9%
801 TAYLOR ST2025-10$396,0001,43751.7%
718 RANCOCAS AVE2025-06$320,0001,52559.6%
208 1/2 HOOKER ST2025-06$420,0001,48546.3%
720 HARRISON ST2025-04$250,0001,85087.9%
514 BRIDGEBORO ST2026-03$290,0001,54849.3%
517 8TH ST2025-08$390,0001,61245.7%
721 RANCOCAS AVE2025-10$445,0002,10052.9%
117 CHESTER AVE2025-12$258,0001,78857.1%
619 S CHESTER AVE2025-01$415,0001,86052.4%
310 S FAIRVIEW ST2025-01$410,0001,83441.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →