The Fair Share Report
227 E Ruby Ave
Palisades Park, NJ 07050
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 $666,848 – $928,764, from 12 comparable Palisades Park 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 Palisades Park assessments sit below market value — republished every October, applied town-wide. A $768,446 home should be assessed near $673,850.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $98,450 below what the ratio math suggests (14.6%).
Step 4 · The tax rate — same for every Palisades Park home
$0.663 Schools · 45% $0.245 County · 17% $0.555 Town · 38%
This home's own bill implies $1.348 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Palisades Park sale · assessed ÷ market
57%108%
Paying about right
This home's ratio lands inside Palisades Park'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 |
|---|---|---|---|---|
| 138 E CENTRAL BLVD | 2025-02 | $700,000 | 1,590 | 88.5% |
| 305 E CENTRAL BL | 2026-04 | $875,000 | 1,603 | 76.3% |
| 61 W HOMESTEAD AVE | 2026-04 | $669,000 | 1,756 | 104.2% |
| 259 8TH ST | 2025-01 | $765,000 | 1,554 | 84.8% |
| 219 COLUMBUS AVE | 2026-04 | $780,000 | 1,358 | 77.5% |
| 318 E RUBY AVE | 2026-01 | $880,000 | 1,352 | 79.3% |
| 207 GRAND AVE | 2026-03 | $957,500 | 1,922 | 88.0% |
| 512 ORCHARD AVE | 2026-02 | $1,140,000 | 1,528 | 60.9% |
| 29 CLEVELAND PL | 2026-06 | $570,000 | 1,296 | 91.0% |
| 80A W. HOMESTEAD AVENUE | 2026-04 | $899,000 | 1,544 | 94.5% |
| 156 MORNINGSIDE LANE | 2025-03 | $705,000 | 1,612 | 96.3% |
| 121 PRINCETON PL | 2025-03 | $790,000 | 1,612 | 86.5% |
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