The Fair Share Report

802 Third St

Riverton, NJ 08109

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

≈ $428,529

Likely range $395,812 – $557,289, from 12 comparable Riverton sales in the past 18 months, at this home's 1,934 sq ft.

Step 2 · The Director's Ratio

56.72%

The state's official measure of how far Riverton assessments sit below market value — republished every October, applied town-wide. A $428,529 home should be assessed near $243,062.

Step 3 · Assessed value

$259,600

Set at the last town-wide revaluation and mostly frozen since. That's $16,538 above what the ratio math suggests (6.8%).

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

$4.087 per $100 assessed

$2.505 Schools · 61% $0.543 County · 13% $1.039 Town · 25%

Step 5 · The bill

$10,610/yr
Public schools$6,503
Burlington County$1,410
Town of Riverton$2,697
Riverton average$10,219

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

Town median 49.4%
This home · 60.6%

36%71%

Paying about right

This home's ratio lands inside Riverton'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
909 CEDAR ST.2025-10$375,0001,96059.8%
808 THIRD ST2025-05$615,0002,62650.5%
8 LINDEN AVE2025-12$575,0001,48245.9%
600 CEDAR ST2025-12$375,0001,75660.6%
16 CARRIAGE HOUSE LANE2025-02$500,0002,30461.1%
725-29 CINNAMINSON ST2025-12$549,0001,81744.9%
403 MIDWAY2025-05$402,5001,92253.6%
609 ELM TERRACE2025-12$540,0001,87441.6%
4 SECOND ST2026-03$325,0001,58869.9%
401 FULTON ST2025-11$485,0001,55647.9%
433 THOMAS AVENUE2025-07$299,0002,23487.4%
109 PENN ST2026-03$620,0002,31245.6%

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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 →