The Fair Share Report
157 Split Rock 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 $815,241 – $1,006,273, 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 $941,205 home should be assessed near $878,144.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,856 above what the ratio math suggests (12.6%).
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 $1.418 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%127%
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 |
|---|---|---|---|---|
| 118 SCARLET OAK LANE | 2025-02 | $918,000 | 2,308 | 100.2% |
| 16 MULBERRY COURT | 2025-02 | $975,000 | 2,308 | 94.4% |
| 828 HIGHLAND AVE | 2025-01 | $825,000 | 2,282 | 110.0% |
| 206 COOMBS DRIVE | 2025-03 | $1,235,000 | 2,556 | 89.0% |
| 132 WHITEPINE COURT | 2025-05 | $980,000 | 2,600 | 102.5% |
| S 70 PARAMUS RD. | 2026-04 | $790,000 | 2,364 | 87.0% |
| 656 SEAGULL DRIVE | 2025-02 | $982,000 | 2,202 | 87.7% |
| 349 BULLARD AVE. | 2025-02 | $1,600,000 | 2,731 | 82.2% |
| 335 SOUTH DRIVE | 2026-04 | $960,000 | 2,192 | 87.8% |
| 162 SPLIT ROCK ROAD | 2026-01 | $1,240,000 | 2,816 | 88.7% |
| 276 TAFT CT | 2025-01 | $880,000 | 2,118 | 93.3% |
| 577 FOREST AVENUE | 2025-05 | $800,000 | 1,754 | 102.0% |
Is this your house?
Run your own report →