The Fair Share Report
703 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 $233,552 – $408,712, 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 $327,288 home should be assessed near $187,569.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,069 below what the ratio math suggests (18.7%).
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
32%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 |
|---|---|---|---|---|
| 707 HARRISON ST | 2025-01 | $280,000 | 1,568 | 61.9% |
| 640 BEM ST | 2026-03 | $396,000 | 1,680 | 40.9% |
| 204 SEVENTH STREET | 2025-01 | $273,000 | 2,004 | 53.9% |
| 208 1/2 HOOKER ST | 2025-06 | $420,000 | 1,485 | 46.3% |
| 618 ARNDT AVE | 2025-06 | $329,000 | 1,568 | 43.4% |
| 418 HARRISON ST | 2025-06 | $390,000 | 1,219 | 44.7% |
| 742 ARNDT AVE | 2025-07 | $355,000 | 1,755 | 49.4% |
| 718 RANCOCAS AVE | 2025-06 | $320,000 | 1,525 | 59.6% |
| 431 BEM ST | 2025-04 | $235,000 | 1,584 | 64.3% |
| 139 PAINE ST | 2025-11 | $260,000 | 1,530 | 47.2% |
| 121 CLEVELAND AVE | 2025-04 | $172,000 | 1,700 | 98.7% |
| 130 N FAIRVIEW ST | 2025-02 | $260,000 | 1,660 | 51.0% |
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