The Fair Share Report

183 Cleenput Ter

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.

Step 1 · Market value

≈ $2,114,696

Likely range $1,866,893 – $2,200,783, from 12 comparable Paramus sales in the past 18 months, at this home's 3,857 sq ft.

Step 2 · The Director's Ratio

93.30%

The state's official measure of how far Paramus assessments sit below market value — republished every October, applied town-wide. A $2,114,696 home should be assessed near $1,973,011.

Step 3 · Assessed value

$1,893,000

Set at the last town-wide revaluation and mostly frozen since. That's $80,011 below what the ratio math suggests (4.1%).

Step 4 · The tax rate — same for every Paramus home

$1.499 per $100 assessed

$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

$27,187/yr
Public schools$12,859
Bergen County$4,371
Town of Paramus$9,957
Paramus average$13,058

This home vs. every recent Paramus sale · assessed ÷ market

Town median 89.0%
This home · 89.5%

65%114%

Paying about right

This home's ratio lands inside Paramus's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
295 HAYWOOD DR2025-04$2,200,0003,85798.3%
218 MAYFAIR ROAD2026-05$1,885,00049.7%
158 LAWRENCE DR2025-04$2,200,0003,78997.8%
488 WILSON AVENUE2025-03$2,150,0003,76897.5%
252 GORDEN DR2025-05$2,125,0003,86496.9%
415 BAILEY ROAD2026-02$1,760,0003,928121.0%
424 RIDGEWOOD AVE2025-02$2,050,0003,73997.3%
121 CIRCLE DRIVE2026-03$2,150,0003,928103.4%
298 BUTTONWOOD DR2026-05$1,999,9994,05890.6%
336 LOCKWOOD DRIVE2025-04$2,225,0003,68698.3%
260 VIRGINIA COURT2025-05$2,160,0003,72397.2%
151 STUART ST2026-01$1,900,0004,070125.5%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →