The Fair Share Report
704 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 $209,975 – $370,358, 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 $322,855 home should be assessed near $185,028.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,328 below what the ratio math suggests (10.4%).
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%
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% |
| 742 ARNDT AVE | 2025-07 | $355,000 | 1,755 | 49.4% |
| 618 ARNDT AVE | 2025-06 | $329,000 | 1,568 | 43.4% |
| 404 GREENWOOD AVE | 2026-01 | $360,000 | 1,840 | 42.1% |
| 705 ARNDT AVE | 2026-02 | $190,000 | 1,753 | 83.1% |
| 74 N CHESTER AVE | 2025-07 | $352,000 | 1,872 | 39.8% |
| 720 HARRISON ST | 2025-04 | $250,000 | 1,850 | 87.9% |
| 208 1/2 HOOKER ST | 2025-06 | $420,000 | 1,485 | 46.3% |
| 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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