The Fair Share Report
151 Stuart St
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 $2,005,913 – $2,249,559, from 12 comparable Paramus sales in the past 18 months, at this home's 4,070 sq ft.
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 $2,227,724 home should be assessed near $2,078,466.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $306,534 above what the ratio math suggests (14.7%).
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 $1.449 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%124%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $4,595/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 298 BUTTONWOOD DR | 2026-05 | $1,999,999 | 4,058 | 90.6% |
| 275 ADDISON PL | 2025-03 | $2,000,000 | 4,132 | 112.0% |
| 259 DREW AVENUE | 2025-05 | $2,300,000 | 4,196 | 100.3% |
| 519 GREEN VALLEY RD. | 2025-03 | $1,750,000 | — | 99.8% |
| 681 TERRACE DR | 2025-04 | $2,200,000 | 4,216 | 98.2% |
| 415 BAILEY ROAD | 2026-02 | $1,760,000 | 3,928 | 121.0% |
| 121 CIRCLE DRIVE | 2026-03 | $2,150,000 | 3,928 | 103.4% |
| 295 HAYWOOD DR | 2025-04 | $2,200,000 | 3,857 | 98.3% |
| 241 WASHINGTON PLACE | 2025-03 | $2,100,000 | 4,235 | 96.1% |
| 192 THOMAS DRIVE | 2026-04 | $2,380,000 | 4,306 | 97.2% |
| 158 LAWRENCE DR | 2025-04 | $2,200,000 | 3,789 | 97.8% |
| 217 ADDISON PLACE | 2025-02 | $2,050,000 | 4,204 | 90.4% |
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