The Fair Share Report
705 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 $265,761 – $438,133, 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 $301,695 home should be assessed near $172,901.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,799 above what the ratio math suggests (13.2%).
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 |
|---|---|---|---|---|
| 204 SEVENTH STREET | 2025-01 | $273,000 | 2,004 | 53.9% |
| 707 HARRISON ST | 2025-01 | $280,000 | 1,568 | 61.9% |
| 427 DELAWARE AVE | 2026-03 | $215,000 | 2,024 | 59.6% |
| 721 RANCOCAS AVE | 2025-10 | $445,000 | 2,100 | 52.9% |
| 640 BEM ST | 2026-03 | $396,000 | 1,680 | 40.9% |
| 425 DELAWARE AVE | 2025-09 | $240,000 | 2,104 | 56.5% |
| 74 N CHESTER AVE | 2025-07 | $352,000 | 1,872 | 39.8% |
| 407 CLEVELAND AVE | 2025-05 | $190,000 | 1,918 | 73.4% |
| 506 BRIDGEBORO ST | 2026-04 | $275,000 | 1,844 | 49.7% |
| 404 GREENWOOD AVE | 2026-01 | $360,000 | 1,840 | 42.1% |
| 720 HARRISON ST | 2025-04 | $250,000 | 1,850 | 87.9% |
| 301-305 S FAIRVIEW ST | 2025-06 | $316,000 | 2,171 | 55.3% |
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