The Fair Share Report
602 Thomas Ave
Riverton, NJ 08077
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 $350,449 – $440,217, from 12 comparable Riverton 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 Riverton assessments sit below market value — republished every October, applied town-wide. A $411,128 home should be assessed near $233,192.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,892 below what the ratio math suggests (18.0%).
Step 4 · The tax rate — same for every Riverton home
$2.505 Schools · 61% $0.543 County · 13% $1.039 Town · 25%
Step 5 · The bill
This home vs. every recent Riverton sale · assessed ÷ market
36%71%
Paying about right
This home's ratio lands inside Riverton'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 |
|---|---|---|---|---|
| 604 THOMAS AVE | 2025-06 | $420,000 | 1,318 | 48.8% |
| 604 THOMAS AVE | 2025-01 | $207,000 | 1,318 | 99.1% |
| 112 MORGAN AVE | 2025-03 | $432,000 | 1,172 | 41.6% |
| 629 THOMAS AVE | 2025-03 | $472,700 | 1,285 | 42.4% |
| 15 CARRIAGE HOUSE LANE | 2025-12 | $480,000 | 1,452 | 43.9% |
| 220 LINDEN AVE | 2025-09 | $437,000 | 1,518 | 49.8% |
| 401 FULTON ST | 2025-11 | $485,000 | 1,556 | 47.9% |
| 517 CINNAMINSON ST | 2025-03 | $415,000 | 1,524 | 49.4% |
| 4 SECOND ST | 2026-03 | $325,000 | 1,588 | 69.9% |
| 401 SECOND ST | 2025-05 | $351,000 | 1,509 | 44.6% |
| 500-2 FULTON ST | 2025-01 | $385,000 | 1,188 | 54.9% |
| 8 LINDEN AVE | 2025-12 | $575,000 | 1,482 | 45.9% |
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