The Fair Share Report
174 Alpine Dr
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 $1,241,917 – $1,974,637, 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 $1,722,249 home should be assessed near $1,606,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $633,442 above what the ratio math suggests (39.4%).
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 $1.436 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%186%
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 $9,495/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 645 CAMBRIDGE RD | 2026-04 | $1,330,000 | 4,722 | 88.0% |
| 23 HALCO DRIVE | 2026-01 | $1,525,000 | 3,224 | 88.2% |
| 58 BENTON ROAD | 2025-04 | $1,755,000 | 3,388 | 92.2% |
| 16 COLUMBINE ROAD | 2026-02 | $1,560,000 | 4,150 | 87.0% |
| 360 VALLEY VIEW AVE | 2026-04 | $1,435,000 | 3,424 | 73.6% |
| 67 KNOLLWOOD DR. | 2025-04 | $1,120,000 | 3,136 | 89.0% |
| 316 SPENCER PLACE | 2025-01 | $940,000 | 2,997 | 143.5% |
| 238 ADDISON PLACE | 2025-02 | $1,030,000 | 3,068 | 92.3% |
| 286 GORDEN DR | 2025-06 | $1,740,000 | 4,019 | 99.8% |
| 121 CIRCLE DRIVE | 2026-03 | $2,150,000 | 3,928 | 103.4% |
| 415 BAILEY ROAD | 2026-02 | $1,760,000 | 3,928 | 121.0% |
| 151 STUART ST | 2026-01 | $1,900,000 | 4,070 | 125.5% |
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