The Fair Share Report
259 Addison Pl
Paramus, NJ 07652
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Paramus's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $1,352,725 – $1,911,372, 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 $1,476,003 home should be assessed near $1,377,111.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $200,289 above what the ratio math suggests (14.5%).
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 $1.439 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%122%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 461 ARTHUR TERRACE | 2026-05 | $1,650,000 | 3,500 | 79.9% |
| 43 FERNDALE ROAD | 2025-04 | $1,950,000 | 3,200 | 86.9% |
| 114 WHITEPINE COURT | 2026-02 | $1,065,000 | 2,882 | 94.3% |
| 602 MILL RUN | 2026-04 | $1,500,000 | 3,515 | 80.2% |
| 309 CARDINAL PLACE | 2025-03 | $1,313,000 | 3,758 | 102.5% |
| 349 BULLARD AVE. | 2025-02 | $1,600,000 | 2,731 | 82.2% |
| 307 IDAHO STREET | 2025-02 | $1,445,000 | 3,216 | 106.2% |
| 133 MORRISTOWN PLACE | 2026-03 | $1,390,000 | 3,112 | 70.2% |
| 418 BAILEY ROAD | 2025-03 | $1,514,000 | 2,856 | 79.4% |
| 360 VALLEY VIEW AVE | 2026-04 | $1,435,000 | 3,424 | 73.6% |
| 286 GORDEN DR | 2025-06 | $1,740,000 | 4,019 | 99.8% |
| 623 ALBERTA DR | 2026-05 | $1,999,995 | 3,118 | 96.7% |
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