The Fair Share Report
197 Fredrick St
Paramus, NJ 07650
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 $698,991 – $835,496, from 12 comparable Paramus sales in the past 18 months, at this home's 1,386 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 $770,000 home should be assessed near $718,410.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $85,710 below what the ratio math suggests (11.9%).
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 $1.398 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%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 217 CONCORD DRIVE | 2026-02 | $700,000 | 1,388 | 88.2% |
| 210 DENVER ROAD | 2025-05 | $850,000 | 1,392 | 81.5% |
| 133 ARNOT PLACE | 2026-01 | $810,000 | 1,439 | 78.0% |
| 190 DENVER RD | 2025-05 | $830,000 | 1,488 | 102.2% |
| 165 HEBBERD AVENUE | 2026-02 | $695,000 | 1,492 | 95.7% |
| 85 OLIVER ROAD | 2026-04 | $815,000 | 1,352 | 82.1% |
| 673 CAMBRIDGE RD. | 2025-04 | $800,000 | 1,440 | 95.0% |
| 199 REID WAY | 2025-02 | $650,000 | 1,531 | 106.8% |
| 247 GORDEN DRIVE | 2025-04 | $815,000 | 1,508 | 122.3% |
| 598 FALMOUTH AVE | 2025-02 | $750,000 | 1,528 | 112.1% |
| 590 BIRCHWOOD ROAD | 2026-03 | $850,000 | 1,246 | 73.2% |
| 715 BUSH PLACE | 2026-03 | $775,000 | 1,512 | 91.9% |
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