The Fair Share Report
628 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 $347,118 – $534,200, 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 $486,345 home should be assessed near $275,855.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,055 below what the ratio math suggests (17.8%).
Step 4 · The tax rate — same for every Riverton home
$2.505 Schools · 61% $0.543 County · 13% $1.039 Town · 25%
This home's own bill implies $3.977 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 609 ELM TERRACE | 2025-12 | $540,000 | 1,874 | 41.6% |
| 725-29 CINNAMINSON ST | 2025-12 | $549,000 | 1,817 | 44.9% |
| 403 MIDWAY | 2025-05 | $402,500 | 1,922 | 53.6% |
| 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% |
| 600 CEDAR ST | 2025-12 | $375,000 | 1,756 | 60.6% |
| 220 LINDEN AVE | 2025-09 | $437,000 | 1,518 | 49.8% |
| 712 CINNAMINSON ST | 2025-05 | $460,000 | 1,558 | 40.8% |
| 411 SEVENTH ST | 2025-08 | $354,900 | 1,793 | 43.2% |
| 629 THOMAS AVE | 2025-03 | $472,700 | 1,285 | 42.4% |
| 714 MAIN ST | 2025-10 | $480,000 | 2,335 | 52.8% |
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