The Fair Share Report
702 Bem 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 $255,447 – $356,173, 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 $306,587 home should be assessed near $175,705.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,405 below what the ratio math suggests (17.9%).
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%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 |
|---|---|---|---|---|
| 618 ARNDT AVE | 2025-06 | $329,000 | 1,568 | 43.4% |
| 110 W WASHINGTON ST | 2026-02 | $217,000 | 1,701 | 75.5% |
| KOSSUTH ST | 2025-12 | $288,000 | — | 14.4% |
| 640 BEM ST | 2026-03 | $396,000 | 1,680 | 40.9% |
| 742 ARNDT AVE | 2025-07 | $355,000 | 1,755 | 49.4% |
| 259 HOOKER ST | 2025-10 | $325,000 | 1,664 | 49.8% |
| 259 HOOKER ST | 2025-03 | $311,550 | 1,664 | 51.9% |
| 316 LIPPINCOTT AVE | 2026-04 | $300,000 | 1,360 | 45.3% |
| 705 ARNDT AVE | 2026-02 | $190,000 | 1,753 | 83.1% |
| 139 PAINE ST | 2025-11 | $260,000 | 1,530 | 47.2% |
| 404 GREENWOOD AVE | 2026-01 | $360,000 | 1,840 | 42.1% |
| 513 JEFFERSON ST | 2026-03 | $200,000 | 1,452 | 89.3% |
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