The Fair Share Report
511 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 $204,767 – $262,683, from 12 comparable Riverside sales in the past 18 months, at this home's 988 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 $244,942 home should be assessed near $140,376.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $324 above what the ratio math suggests (0.2%).
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 |
|---|---|---|---|---|
| KOSSUTH ST | 2025-12 | $288,000 | — | 14.4% |
| 506 ARNDT AVE | 2025-09 | $256,000 | 974 | 42.4% |
| 500 ARNDT AVE | 2026-04 | $235,000 | 974 | 46.9% |
| 323 CLEVELAND AVE | 2025-09 | $275,000 | 1,106 | 40.2% |
| 625 ARNDT AVE | 2025-04 | $138,000 | 1,104 | 129.8% |
| 211 PAINE ST | 2025-08 | $190,000 | 1,090 | 73.4% |
| 404 FIFTH ST | 2026-02 | $200,000 | 965 | 75.3% |
| 409 LIPPINCOTT AVE | 2026-04 | $300,000 | 1,008 | 45.3% |
| 212 CARROLL ST | 2026-03 | $238,000 | 960 | 57.1% |
| 36 LEE ST | 2025-05 | $210,000 | 924 | 40.9% |
| 206 W WASHINGTON ST | 2025-02 | $230,000 | 864 | 45.5% |
| 316 LIPPINCOTT AVE | 2026-04 | $300,000 | 1,360 | 45.3% |
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