The Fair Share Report
197 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 $2,167,195 – $2,415,866, 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 $2,250,248 home should be assessed near $2,099,481.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $410,119 above what the ratio math suggests (19.5%).
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 $0.776 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Paramus sale · assessed ÷ market
65%121%
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 $6,148/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 519 GREEN VALLEY RD. | 2025-03 | $1,750,000 | — | 99.8% |
| 156 STUART STREET | 2026-05 | $2,425,000 | 4,740 | 107.1% |
| 153 GEERING TERRACE | 2025-03 | $2,350,000 | 4,850 | 97.7% |
| 681 TERRACE DR | 2025-04 | $2,200,000 | 4,216 | 98.2% |
| 259 DREW AVENUE | 2025-05 | $2,300,000 | 4,196 | 100.3% |
| 391 HARRISON STREET | 2026-01 | $2,600,000 | 4,950 | 98.2% |
| 241 WASHINGTON PLACE | 2025-03 | $2,100,000 | 4,235 | 96.1% |
| 275 ADDISON PL | 2025-03 | $2,000,000 | 4,132 | 112.0% |
| 151 STUART ST | 2026-01 | $1,900,000 | 4,070 | 125.5% |
| 755 HOLLYBROOK ROAD | 2025-04 | $1,900,000 | 4,222 | 92.2% |
| 415 BAILEY ROAD | 2026-02 | $1,760,000 | 3,928 | 121.0% |
| 532 BURLINGTON ST. | 2025-05 | $2,590,000 | 5,250 | 98.1% |
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