The Fair Share Report
644 River Dr
Riverside, NJ 08075
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Riverside's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $320,732 – $484,325, 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 $361,266 home should be assessed near $207,042.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,158 above what the ratio math suggests (22.3%).
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%84%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 302 E WASHINGTON ST | 2025-02 | $350,000 | 2,361 | 62.5% |
| 728 FILMORE ST | 2025-08 | $405,000 | 2,328 | 55.7% |
| 910 FAIRVIEW ST | 2026-03 | $420,000 | 2,511 | 53.2% |
| 721 RANCOCAS AVE | 2025-10 | $445,000 | 2,100 | 52.9% |
| 550 W WASHINGTON ST | 2025-04 | $425,000 | 3,422 | 43.7% |
| 323 PALMER ST | 2025-02 | $399,900 | 2,986 | 62.0% |
| 720 HARRISON ST | 2025-04 | $250,000 | 1,850 | 87.9% |
| 619 S CHESTER AVE | 2025-01 | $415,000 | 1,860 | 52.4% |
| 517 8TH ST | 2025-08 | $390,000 | 1,612 | 45.7% |
| 313 TAYLOR ST | 2026-04 | $350,000 | 2,691 | 55.7% |
| 131 LIPPINCOTT AVE | 2025-11 | $395,000 | 1,772 | 43.5% |
| 131 LIPPINCOTT AVE | 2025-07 | $255,000 | 1,772 | 67.4% |
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