The Fair Share Report
176 Concord 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 $763,968 – $1,055,060, from 12 comparable Paramus sales in the past 18 months, at this home's 1,675 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 $850,228 home should be assessed near $793,263.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,271,937 above what the ratio math suggests (160.3%).
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 $1.443 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%276%
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 $19,066/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 20 GABRIEL COURT | 2026-04 | $999,995 | 1,586 | 106.1% |
| 14 GABRIEL COURT | 2026-03 | $999,000 | 1,586 | 106.2% |
| 12 GABRIEL COURT | 2026-02 | $1,040,000 | 1,586 | 102.0% |
| 519 GREEN VALLEY RD. | 2025-03 | $1,750,000 | — | 99.8% |
| 577 FOREST AVENUE | 2025-05 | $800,000 | 1,754 | 102.0% |
| 538 COOLIDGE PLACE | 2026-04 | $760,000 | 1,626 | 88.7% |
| 245 SPRING VALLEY RD | 2025-03 | $750,000 | 1,669 | 57.1% |
| 416 VALLEY VIEW AVE | 2025-04 | $728,888 | 1,663 | 96.3% |
| 149 VILLAGE CIRCLE W | 2026-02 | $840,000 | 1,657 | 75.6% |
| 368 ELMWOOD DR | 2026-03 | $925,000 | 1,696 | 81.0% |
| 296 MONTANA STREET | 2025-02 | $808,500 | 1,653 | 219.7% |
| 490 WILSON AVENUE | 2026-01 | $835,000 | 1,645 | 77.2% |
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