The Fair Share Report

704 Pine 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.

Step 1 · Market value

≈ $323,567

Likely range $194,554 – $383,460, from 12 comparable Riverside sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

57.31%

The state's official measure of how far Riverside assessments sit below market value — republished every October, applied town-wide. A $323,567 home should be assessed near $185,436.

Step 3 · Assessed value

$155,000

Set at the last town-wide revaluation and mostly frozen since. That's $30,436 below what the ratio math suggests (16.4%).

Step 4 · The tax rate — same for every Riverside home

$4.090 per $100 assessed

$2.144 Schools · 52% $0.554 County · 14% $1.392 Town · 34%

This home's own bill implies $5.047 per $100 — well off the general rate. That usually means the town revalued since the last bill.

Step 5 · The bill

$7,822/yr
Public schools$4,101
Burlington County$1,060
Town of Riverside$2,662
Riverside average$6,253

This home vs. every recent Riverside sale · assessed ÷ market

Town median 48.6%
This home · 47.9%

35%85%

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)

AddressSoldPriceSq ftRatio
513 JEFFERSON ST2026-03$200,0001,45289.3%
517 8TH ST2025-08$390,0001,61245.7%
412 LIPPINCOTT AVE2026-04$340,0001,36547.0%
514 BRIDGEBORO ST2026-03$290,0001,54849.3%
718 RANCOCAS AVE2025-06$320,0001,52559.6%
315 RANCOCAS AVE2026-03$285,0001,31557.0%
805 RANCOCAS AVE2025-04$350,0001,39247.3%
618 ARNDT AVE2025-06$329,0001,56843.4%
131 LIPPINCOTT AVE2025-11$395,0001,77243.5%
131 LIPPINCOTT AVE2025-07$255,0001,77267.4%
131 LIPPINCOTT AVE2025-06$200,0001,77286.0%
505 JEFFERSON ST2025-09$305,0001,31654.9%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →