The Fair Share Report
242 Monroe Ave
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 $810,877 – $944,165, 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 $881,321 home should be assessed near $822,272.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,528 above what the ratio math suggests (7.1%).
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 $1.422 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 |
|---|---|---|---|---|
| 656 SEAGULL DRIVE | 2025-02 | $982,000 | 2,202 | 87.7% |
| 276 TAFT CT | 2025-01 | $880,000 | 2,118 | 93.3% |
| S 70 PARAMUS RD. | 2026-04 | $790,000 | 2,364 | 87.0% |
| 779 DECKER PLACE | 2026-02 | $935,000 | 1,884 | 79.3% |
| 828 HIGHLAND AVE | 2025-01 | $825,000 | 2,282 | 110.0% |
| 617 ROOSEVELT BLVD | 2025-01 | $920,000 | 2,160 | 91.3% |
| 335 SOUTH DRIVE | 2026-04 | $960,000 | 2,192 | 87.8% |
| 81 HEMLOCK DRIVE | 2025-02 | $940,000 | 2,094 | 91.4% |
| 482 TULANE COURT | 2026-06 | $800,000 | 1,972 | 95.4% |
| 482 TULANE COURT | 2026-04 | $625,000 | 1,972 | 122.2% |
| 672 RUTGERS PLACE | 2025-06 | $825,000 | 2,000 | 152.9% |
| 833 KOMAN DRIVE | 2026-05 | $1,050,000 | 2,129 | 80.6% |
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