The Fair Share Report
117 Crain Rd
Paramus, NJ 07652
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 $820,254 – $949,706, 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 $876,923 home should be assessed near $818,169.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $235,969 below what the ratio math suggests (28.8%).
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 $1.401 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
56%114%
Keep quiet and enjoy it
This home's assessment ratio sits below the Paramus pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 761 CATHY ANN COURT | 2025-02 | $850,000 | 1,616 | 96.0% |
| 295 GEORGIAN DRIVE | 2026-03 | $882,000 | 1,616 | 80.7% |
| 416 VALLEY VIEW AVE | 2025-04 | $728,888 | 1,663 | 96.3% |
| 149 VILLAGE CIRCLE W | 2026-02 | $840,000 | 1,657 | 75.6% |
| 378 S TERHUNE AVE | 2026-04 | $940,000 | 1,563 | 81.7% |
| 122 ARNOT PLACE | 2026-05 | $866,000 | 1,561 | 79.7% |
| 786 WYNETTA PLACE | 2025-04 | $779,000 | 1,554 | 51.6% |
| 331 ELLEN PLACE | 2026-01 | $880,000 | 1,580 | 85.8% |
| 624 WEST DR | 2026-03 | $910,000 | 1,498 | 78.8% |
| 739 BOYD RD | 2025-03 | $840,000 | 1,522 | 248.2% |
| 223 DIANE PLACE | 2026-01 | $925,000 | 1,582 | 70.5% |
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