The Fair Share Report
223 Diane Pl
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 $793,036 – $877,650, from 12 comparable Paramus sales in the past 18 months, at this home's 1,582 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 $832,116 home should be assessed near $776,364.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $124,564 below what the ratio math suggests (16.0%).
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 $1.400 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 |
|---|---|---|---|---|
| 331 ELLEN PLACE | 2026-01 | $880,000 | 1,580 | 85.8% |
| 105 CIRCLE DRIVE | 2026-04 | $890,000 | 1,562 | 82.9% |
| 817 ALDEN ROAD | 2025-05 | $855,000 | 1,560 | 83.8% |
| 122 ARNOT PLACE | 2026-05 | $866,000 | 1,561 | 79.7% |
| 331 LOCKWOOD DRIVE | 2025-05 | $850,000 | 1,636 | 58.5% |
| 786 WYNETTA PLACE | 2025-04 | $779,000 | 1,554 | 51.6% |
| 598 FALMOUTH AVE | 2025-02 | $750,000 | 1,528 | 112.1% |
| 295 GEORGIAN DRIVE | 2026-03 | $882,000 | 1,616 | 80.7% |
| 247 GORDEN DRIVE | 2025-04 | $815,000 | 1,508 | 122.3% |
| 199 REID WAY | 2025-02 | $650,000 | 1,531 | 106.8% |
| 296 MONTANA STREET | 2025-02 | $808,500 | 1,653 | 219.7% |
| 761 CATHY ANN COURT | 2025-02 | $850,000 | 1,616 | 96.0% |
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