The Fair Share Report
124 Owen Pl
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 $947,660 – $1,259,177, 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 $1,128,130 home should be assessed near $1,052,545.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $191,655 above what the ratio math suggests (18.2%).
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 $1.429 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%137%
A touch high — worth watching
This home's ratio sits above most of Paramus, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 684 CAMBRIDGE RD | 2025-04 | $1,105,000 | 2,646 | 85.9% |
| 605 CRAIG AVENUE | 2026-02 | $1,200,000 | 2,824 | 80.4% |
| 366 MC KINLEY BLVD. | 2026-02 | $1,300,000 | 2,756 | 73.9% |
| 316 SPENCER PLACE | 2025-01 | $940,000 | 2,997 | 143.5% |
| 191 MAYFAIR ROAD | 2025-05 | $1,111,000 | 2,464 | 83.7% |
| 217 SWEET BRIAR PLACE | 2026-06 | $950,000 | 2,400 | 86.2% |
| 238 ADDISON PLACE | 2025-02 | $1,030,000 | 3,068 | 92.3% |
| 408 CHELSEA ST | 2026-05 | $1,255,000 | 2,602 | 73.9% |
| 408 CHELSEA ST | 2025-04 | $999,995 | 2,602 | 92.7% |
| 671 DREXEL RD | 2025-05 | $1,445,000 | 2,696 | 87.1% |
| 11 HALCO DR | 2026-01 | $901,800 | 2,349 | 82.7% |
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