The Fair Share Report
246 Spring Valley Rd
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 $756,276 – $954,406, 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 $905,749 home should be assessed near $845,064.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $116,764 below what the ratio math suggests (13.8%).
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 $1.402 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 |
|---|---|---|---|---|
| 221 FARVIEW AVENUE | 2025-03 | $879,000 | 1,802 | 92.5% |
| 603 FOREST AVENUE | 2025-03 | $940,000 | 1,976 | 96.6% |
| W 232 MIDLAND AVENUE | 2026-04 | $910,000 | 2,216 | 89.8% |
| 394 BURLINGTON RD. | 2026-06 | $900,000 | 1,918 | 79.4% |
| 718 LAFAYETTE ST. | 2025-01 | $960,000 | 1,876 | 94.5% |
| 779 DECKER PLACE | 2026-02 | $935,000 | 1,884 | 79.3% |
| 111 CRAIN ROAD | 2026-03 | $1,125,000 | 1,882 | 74.8% |
| 81 ALDEN ROAD | 2025-04 | $901,000 | 1,865 | 80.6% |
| 780 HILTON PLACE | 2026-04 | $855,000 | 1,864 | 86.6% |
| 127 VILLAGE CIRCLE E | 2026-04 | $1,058,000 | 1,945 | 63.3% |
| 482 TULANE COURT | 2026-06 | $800,000 | 1,972 | 95.4% |
| 482 TULANE COURT | 2026-04 | $625,000 | 1,972 | 122.2% |
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