The Fair Share Report
109 Morningside Rd
Paramus, NJ 07652
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 Paramus's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $824,893 – $992,078, from 12 comparable Paramus 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 Paramus assessments sit below market value — republished every October, applied town-wide. A $889,888 home should be assessed near $830,266.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $103,866 below what the ratio math suggests (12.5%).
Step 4 · The tax rate — same for every Paramus home
$0.709 Schools · 47% $0.241 County · 16% $0.549 Town · 37%
This home's own bill implies $1.409 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%114%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 81 ALDEN ROAD | 2025-04 | $901,000 | 1,865 | 80.6% |
| 718 LAFAYETTE ST. | 2025-01 | $960,000 | 1,876 | 94.5% |
| 206 HARWOOD PLACE | 2026-04 | $1,300,000 | 1,930 | 62.7% |
| 230 BOGERT PLACE | 2025-06 | $950,000 | 1,800 | 82.4% |
| 127 VILLAGE CIRCLE E | 2026-04 | $1,058,000 | 1,945 | 63.3% |
| 111 CRAIN ROAD | 2026-03 | $1,125,000 | 1,882 | 74.8% |
| 196 MIDWOOD ROAD | 2025-05 | $915,000 | 1,784 | 112.1% |
| 703 BANCROFT PLACE | 2026-04 | $701,000 | 1,808 | 108.2% |
| 46 KNOLLWOOD DRIVE | 2026-05 | $803,000 | 1,766 | 82.9% |
| 326 SOUTH DRIVE | 2026-05 | $700,000 | 1,712 | 104.0% |
| E 244 WASHINGTON PL | 2025-02 | $710,000 | 1,753 | 233.4% |
| 160 REID WAY | 2026-04 | $815,000 | 1,710 | 85.9% |
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