The Fair Share Report

801 Devon Rd

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

≈ $322,614

Likely range $260,775 – $350,000, from 12 comparable Riverside sales in the past 18 months, at this home's 1,392 sq ft.

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 $322,614 home should be assessed near $184,890.

Step 3 · Assessed value

$192,200

Set at the last town-wide revaluation and mostly frozen since. That's $7,310 above what the ratio math suggests (4.0%).

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%

Step 5 · The bill

$8,167/yr
Public schools$4,281
Burlington County$1,106
Town of Riverside$2,779
Riverside average$6,253

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

Town median 48.6%
This home · 59.6%

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)

AddressSoldPriceSq ftRatio
602 RANCOCAS AVE2025-08$373,0001,39848.1%
805 RANCOCAS AVE2025-04$350,0001,39247.3%
505 JEFFERSON ST2025-09$305,0001,31654.9%
517 8TH ST2025-08$390,0001,61245.7%
513 JEFFERSON ST2026-03$200,0001,45289.3%
629 POLK ST2025-12$314,5001,30849.4%
117 HOOKER ST2025-08$210,0001,236101.8%
718 RANCOCAS AVE2025-06$320,0001,52559.6%
412 LIPPINCOTT AVE2026-04$340,0001,36547.0%
625 ARNDT AVE2025-04$138,0001,104129.8%
805 DELAWARE AVE2025-06$365,0001,35245.2%
619 S CHESTER AVE2025-01$415,0001,86052.4%

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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 →