The Fair Share Report
602 Second 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 $198,204 – $327,692, from 12 comparable Riverside sales in the past 18 months (home size estimated from assessor data — range widened).
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 $256,491 home should be assessed near $146,995.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,695 below what the ratio math suggests (12.7%).
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
34%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 |
|---|---|---|---|---|
| 234 CLEVELAND AVE | 2025-10 | $191,500 | 1,380 | 55.7% |
| 130 SPRING GARDEN ST | 2025-01 | $299,900 | 1,280 | 36.8% |
| 305 FILMORE ST | 2025-08 | $243,000 | 1,264 | 43.9% |
| 37 POLK ST | 2025-06 | $300,000 | 1,624 | 34.0% |
| 515 DELAWARE AVE | 2025-05 | $305,000 | 1,306 | 46.0% |
| 54 WEBSTER ST | 2025-05 | $220,000 | 1,224 | 52.4% |
| 36 WEBSTER ST | 2025-09 | $260,000 | 1,216 | 44.1% |
| 130 MADISON ST | 2025-07 | $210,000 | 1,712 | 52.9% |
| 330 KOSSUTH ST | 2025-07 | $265,000 | 1,840 | 45.9% |
| 503 KOSSUTH ST | 2025-06 | $207,800 | 1,688 | 40.4% |
| 430 KOSSUTH ST | 2025-08 | $310,000 | 1,767 | 35.6% |
| 114 DELAWARE AVE | 2026-02 | $280,000 | 1,596 | 42.2% |
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