The Fair Share Report
196 Mayfair 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 $775,000 – $953,337, from 12 comparable Paramus sales in the past 18 months, at this home's 1,512 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 $851,091 home should be assessed near $794,068.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,406,132 above what the ratio math suggests (177.1%).
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 $1.447 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%289%
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 $21,078/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 218 MAYFAIR ROAD | 2026-05 | $1,885,000 | — | 49.7% |
| 519 GREEN VALLEY RD. | 2025-03 | $1,750,000 | — | 99.8% |
| 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% |
| 76 CRAIN ROAD | 2025-05 | $920,000 | 1,512 | 80.0% |
| 247 GORDEN DRIVE | 2025-04 | $815,000 | 1,508 | 122.3% |
| 739 BOYD RD | 2025-03 | $840,000 | 1,522 | 248.2% |
| 133 ARNOT PLACE | 2026-01 | $810,000 | 1,439 | 78.0% |
| 331 LOCKWOOD DRIVE | 2025-05 | $850,000 | 1,636 | 58.5% |
| 577 FOREST AVENUE | 2025-05 | $800,000 | 1,754 | 102.0% |
| 715 BUSH PLACE | 2026-03 | $775,000 | 1,512 | 91.9% |
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