The Fair Share Report
640 Monroe St
Riverside, 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 $196,699 – $387,687, 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 $327,134 home should be assessed near $187,480.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,780 below what the ratio math suggests (19.1%).
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
34%83%
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 |
|---|---|---|---|---|
| 517 8TH ST | 2025-08 | $390,000 | 1,612 | 45.7% |
| 718 RANCOCAS AVE | 2025-06 | $320,000 | 1,525 | 59.6% |
| 805 RANCOCAS AVE | 2025-04 | $350,000 | 1,392 | 47.3% |
| 513 JEFFERSON ST | 2026-03 | $200,000 | 1,452 | 89.3% |
| 618 ARNDT AVE | 2025-06 | $329,000 | 1,568 | 43.4% |
| 514 BRIDGEBORO ST | 2026-03 | $290,000 | 1,548 | 49.3% |
| 602 RANCOCAS AVE | 2025-08 | $373,000 | 1,398 | 48.1% |
| 505 JEFFERSON ST | 2025-09 | $305,000 | 1,316 | 54.9% |
| 131 LIPPINCOTT AVE | 2025-11 | $395,000 | 1,772 | 43.5% |
| 131 LIPPINCOTT AVE | 2025-07 | $255,000 | 1,772 | 67.4% |
| 131 LIPPINCOTT AVE | 2025-06 | $200,000 | 1,772 | 86.0% |
| 629 POLK ST | 2025-12 | $314,500 | 1,308 | 49.4% |
Is this your house?
Run your own report →