The Fair Share Report
178 Farview Ave
Paramus, NJ 07662
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 $494,305 – $604,750, from 12 comparable Paramus sales in the past 18 months, at this home's 820 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 $559,390 home should be assessed near $521,911.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $127,889 above what the ratio math suggests (24.5%).
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 $1.378 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%
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 $1,917/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 239 BUTTONWOOD DR | 2026-03 | $725,000 | 1,022 | 92.6% |
| 390 SPRING VALLEY RD | 2026-02 | $649,000 | 880 | 70.9% |
| 179 CLAYTON TERRACE | 2026-05 | $775,000 | 1,056 | 75.5% |
| 195 CONCORD DRIVE | 2025-04 | $610,000 | 1,068 | 70.3% |
| 4 SCHUBERT LANE | 2026-05 | $999,000 | 1,202 | 66.6% |
| 177 HAASE AVE. | 2026-05 | $830,000 | 1,096 | 61.8% |
| 236 WOODCREST RD | 2025-03 | $830,000 | 1,222 | 107.8% |
| 682 SYCAMORE ST | 2025-01 | $732,000 | 1,210 | 93.6% |
| 590 BIRCHWOOD ROAD | 2026-03 | $850,000 | 1,246 | 73.2% |
| 85 OLIVER ROAD | 2026-04 | $815,000 | 1,352 | 82.1% |
| 88 GLEN AVENUE | 2025-01 | $780,500 | 1,448 | 82.7% |
| 743 BOYD RD | 2026-04 | $910,000 | 1,003 | 68.3% |
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