The Fair Share Report

511 Howard St

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

≈ $335,741

Likely range $254,531 – $373,647, from 12 comparable Riverside sales in the past 18 months, at this home's 1,213 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 $335,741 home should be assessed near $192,413.

Step 3 · Assessed value

$168,600

Set at the last town-wide revaluation and mostly frozen since. That's $23,813 below what the ratio math suggests (12.4%).

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

$7,164/yr
Public schools$3,755
Burlington County$970
Town of Riverside$2,438
Riverside average$6,253

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

Town median 48.6%
This home · 50.2%

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)

AddressSoldPriceSq ftRatio
717 BEM ST2025-05$405,0001,16148.7%
418 HARRISON ST2025-06$390,0001,21944.7%
609 CLEVELAND AVE2025-06$400,0001,18044.9%
801 TAYLOR ST2025-10$396,0001,43751.7%
117 HOOKER ST2025-08$210,0001,236101.8%
508 WEEKS AVE2025-07$505,0001,64645.2%
718 RANCOCAS AVE2025-06$320,0001,52559.6%
505 JEFFERSON ST2025-09$305,0001,31654.9%
505 MONROE ST2026-05$345,0001,12045.7%
508 POLK ST2025-09$310,0001,12050.5%
504 JEFFERSON ST2025-04$340,0001,12745.5%
208 1/2 HOOKER ST2025-06$420,0001,48546.3%

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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 →