The Fair Share Report
511 Delaware 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 $191,770 – $294,646, from 12 comparable Riverside sales in the past 18 months, at this home's 1,306 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 $251,074 home should be assessed near $143,891.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,391 below what the ratio math suggests (13.5%).
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
35%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 |
|---|---|---|---|---|
| 304 CLEVELAND AVE | 2025-08 | $296,000 | 1,312 | 43.4% |
| 304 CLEVELAND AVE | 2025-01 | $92,500 | 1,312 | 138.8% |
| 515 DELAWARE AVE | 2025-05 | $305,000 | 1,306 | 46.0% |
| 101 E WASHINGTON ST | 2025-10 | $195,000 | 1,328 | 50.5% |
| 310 HEULINGS AVE | 2025-05 | $181,000 | 1,234 | 62.4% |
| 305 FILMORE ST | 2025-08 | $243,000 | 1,264 | 43.9% |
| 110 JEFFERSON ST | 2025-01 | $175,000 | 1,190 | 48.6% |
| 130 SPRING GARDEN ST | 2025-01 | $299,900 | 1,280 | 36.8% |
| 413 DELAWARE AVE | 2025-10 | $162,750 | 1,344 | 59.7% |
| 112 JEFFERSON ST | 2025-01 | $181,500 | 1,190 | 55.7% |
| 525 BRIDGEBORO ST | 2026-03 | $265,000 | 1,264 | 42.1% |
| 525 BRIDGEBORO ST | 2025-01 | $249,900 | 1,264 | 44.7% |
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