The Fair Share Report
520 Bem 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $257,833 – $327,169, from 12 comparable Riverside sales in the past 18 months, at this home's 1,040 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 $309,524 home should be assessed near $177,388.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,588 below what the ratio math suggests (20.1%).
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 |
|---|---|---|---|---|
| 625 ARNDT AVE | 2025-04 | $138,000 | 1,104 | 129.8% |
| 409 LIPPINCOTT AVE | 2026-04 | $300,000 | 1,008 | 45.3% |
| 510 ARNDT AVE | 2025-07 | $330,000 | 1,049 | 55.3% |
| 516 RIVER DRIVE | 2025-06 | $320,000 | 1,092 | 48.3% |
| 504 RIVER DRIVE | 2025-01 | $389,000 | 1,092 | 43.4% |
| 508 POLK ST | 2025-09 | $310,000 | 1,120 | 50.5% |
| 504 JEFFERSON ST | 2025-04 | $340,000 | 1,127 | 45.5% |
| 505 MONROE ST | 2026-05 | $345,000 | 1,120 | 45.7% |
| 609 CLEVELAND AVE | 2025-06 | $400,000 | 1,180 | 44.9% |
| 404 FIFTH ST | 2026-02 | $200,000 | 965 | 75.3% |
| 506 ARNDT AVE | 2025-09 | $256,000 | 974 | 42.4% |
| 418 HARRISON ST | 2025-06 | $390,000 | 1,219 | 44.7% |
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