The Fair Share Report
86 Park Ave
Riverside, NJ 08075
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Riverside's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $248,343 – $394,380, from 12 comparable Riverside sales in the past 18 months, at this home's 1,823 sq ft.
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 $341,320 home should be assessed near $195,610.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,410 below what the ratio math suggests (8.9%).
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%
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% |
| 215 FILMORE ST | 2025-09 | $392,000 | 1,812 | 44.8% |
| 208 1/2 HOOKER ST | 2025-06 | $420,000 | 1,485 | 46.3% |
| 136 WEBSTER ST | 2025-03 | $250,000 | 1,760 | 54.4% |
| 640 BEM ST | 2026-03 | $396,000 | 1,680 | 40.9% |
| 506 BRIDGEBORO ST | 2026-04 | $275,000 | 1,844 | 49.7% |
| 316 CLEVELAND AVE | 2025-07 | $600,000 | 1,776 | 19.6% |
| 110 W WASHINGTON ST | 2026-02 | $217,000 | 1,701 | 75.5% |
| 407 CLEVELAND AVE | 2025-05 | $190,000 | 1,918 | 73.4% |
| 259 HOOKER ST | 2025-10 | $325,000 | 1,664 | 49.8% |
| 259 HOOKER ST | 2025-03 | $311,550 | 1,664 | 51.9% |
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